ACP 0.00% 2.0¢ audalia resources limited

NPV $178mMC $10mThis is currently trading at an enormous...

  1. 1,350 Posts.
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    NPV $178m

    MC $10m

    This is currently trading at an enormous discount to NPV. I concede that most Pre-Feasibility Studies do not work and rarely advance to a financial investment decision.

    Proposed development of the Medcalf Project is still up for consideration by the EPA.

    Company has also recently appointed a new director who has finance and corporate background. Could be a CR coming soon.

    So I see the short term milestones as follows:

    - Funding, significant enough to see the Company through 12 months
    - EPA backing/approval
    - DFS (Honing in more on the economic feasibility of Medcalf)

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