ADN 15.0% 1.7¢ andromeda metals limited

Project CAPEX and Working Capital Comparisons, page-60

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    The two calculated results are both annual EBITDA.

    ADN annual ebitda ( AUD $52.75M annual )
    FYI annual ebitda ( AUD $202.77M annual )

    Point is ... FYI has 3.8 times the earnings but for 15.8 times the CAPEX of ADN.
 
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