Watch this stock go with today's valuation announcement. Read for yourself.
Admiralty Resources “Rincon Salar” Project in Argentina has huge potential and will be very profitable once in production. From the annual report they will produce lithium, potassium, boron, etc. which all have attractive world prices. This combined with access to current infrastructure such as power, roads, etc will generate very nice profits.
From my research some uses of these include fertilisers (growing issue in our world), medicine (eg. Xrays), batteries, ceramics, glass (eg. Windshields), industrial air conditioning equipment, explosives, white goods and specialty chemicals.
For those interested, have a look at SQM (NYSE) for a similar project. Their share price has rocketed over the last few years to over US$60 recently.
This is my opinion only. Research yourself and seek financial advise yourself. LOL
ADY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
