Andromeda Metals Ltd at Canaccord Genuity Noosa Mining Conference Transcript
We're at your leisure.
Okay, Andromeda. This is a snapshot of who we are and what we are. At the moment, we are sitting on about $146 million market cap. We had a bit of a bump yesterday, so it's gone up since the news came out. We've got our flagship project, which is the Great White Kaolin Project, it's GWKP. This is our primary objective to get that into operation and we are a near-term producer. So we anticipate that that will be in production this time next year. That should be operating in production, pushing out some wonderful new product into the market.
The NPV of that project alone is well over $600 million pre-tax. So you see that when it -- if you compare it to our market cap, then there's a bit of a mismatch there. But we're working hard to rectify that. We got a large number of shares out on issue and a very large number of shareholders, mainly retail, over 14,000 retail shareholders. At the moment, we have over $27 million in the bank, so we're well funded with no debt, and we are using that money to get the Great
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