Andromeda Metals (ADN) holds the Poochera High Grade Kaolin and Halloysite project in Sth Australia. www.andromet.com.au

High grade Kaolin used in premium porcelain and medical ceramics, EV battery materials, Halloysite used in high tech materials and medical equipment. The company has potential for 5x current price  (4c 8/8/19) based on more than 500,000tonnes per annum customer demand (LOI) from Asian customers (See June Quarterly Report) who need the material for high-end ceramic production.  Research shows there are precious few high-grade deposits in the world. Scoping Study is due in August that will lay out best plan forward. Key is that no high capex is needed for company to commence production via quarry style mine using bulldozer and truck to port. 

Basic Production numbers based on 200,000 tonne mining run (6 week operation)
Based on current DSO price of $150 per tonne, potential 2020 production is $30m

Based on current Dry processed material price of $450/t , revenue would be $90M

Last quarterly stated CHinese customers have signed Letters for 500,000 tonnes supply so revenues could be double and margins somewhere around 30%.

DYOR but this is my pic of the year. RockSpec