ADY 0.00% 0.7¢ admiralty resources nl.

reality check

  1. 4,287 Posts.
    As the end of the year draws closer by the day I feel it is time for a reality check. There are those who aim to down ramp with little clue or impact and those who are unclear on the big picture so here is where I see ady (and us shareholders) stands.
    Ady wholly owns Bulman an area rich in zinc and lead oxide please don't take my word for it look up the area around bulman yourselves.
    Ady has a 50% interest in pyke hill W.A an area rich in high grade nickel.
    Now for the jewel in the crown.
    Ady wholly owns Sociedad Contractual Minera VallenarIron Company with 10 mines and 11,000 hectares. They have been in production in the past and they have had grades of 63.50 with 5% silica in the past. Those with geological expertise may wish to comment as I am no expert on grades but they sound good to me. Ady has received bonuses in the past.
    Price per tonne based on a conservative output of 2.5 mill tonnes per year is U.S $24.66. If I/O comes down to $35 per tonne that is still a reasonable profit. Wyndham is gone, Ya global will be gone. JA is reinstalling credibility for ady. I reread through some of the rubbish pt announced to market in 07 and it was disgraceful. The question now folks is ady worth 1.8 cents??? That is for you and the market to decide. As for financing, imho it is now a waiting game and we are deep into the second half :)
    Happy sailing holders.
    PGamble
    As always seek and ye shall find. A hint is look beyond australia to see the bigger picture.
 
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