Rex's copper/magnetite mine not really comparable I would suggest SM.
The copper component is very low grade and needs the magnetite to make it economic. A magnetite / iron plant is extremely expensive (and expensive to operate).
The mine is adjacent to the coast and shacks and has large local opposition. It is also close enough to Adelaide for the city based Greens to also oppose.
ADN's operation has none of these problems.
Like the end of the Dance of a Thousand Veils, all will be revealed with next weeks funding package. Should be exciting for large s/holders who have front row seats.
what will the CR price be?, page-60
Add ADN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.7¢ |
Change
-0.001(5.56%) |
Mkt cap ! $52.87M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.8¢ | 1.7¢ | $27.87K | 1.569M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 42 | 18955360 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 227588 | 1 |
View Market Depth
| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
|
|||||
|
Last
1.8¢ |
Change
-0.001 ( 2.78 %) |
||||
| Open | High | Low | Volume | ||
| 1.8¢ | 1.8¢ | 1.7¢ | 768207 | ||
| Last updated 15.54pm 27/05/2024 ? | |||||
| ADN (ASX) Chart |