huntleys forecast

In the latest huntleys forecast for 2008-2009, Ian huntleys makes some observations which are relevant to ADY.

Firstly the costs of developing quality resource assets have increased significantly, such that it is now easier for companies to buy quality production rather than explore and develop them from scratch.

Secondly long term low cost quality mines will be keenly sought and show greater profitability.

While there may be some debate about the quality of the iron ore assets of ADY. There is no debate about the lithium assets.

I also note that the ady website has been updated about future capacity of lithium production at the Salar.

I suspect that with any future rout there may be further opportunity to acquire shares cheaply.