on the move, page-3

Well it doesn't take too long to work out this could provide exceptional returns in the next few weeks.

3mmbl * AUD90 = AUD 270m
Production Costs AUD 135m (Say 50% of Revenue)
Net Value to ADE AUD 135m

Fully Diluted Shares 99m + 61m options = 160m

AUD 135m / 160m = 84 cps
Cash 11m / 160m = 7 cps

Total Value on 3mmbl = AUD 91 cps

Very crude valuation I know but it makes the reason why this is a buy at 18 cents apparent. To this we must add the other projects, of which West Florence in the US looks like it will be a producer also. This could take the valuation over $1.00 per share fully diluted.

I rest my case.