Ann: Adriatic Metals Corporate Presentation, page-126

Well your own research says the Hod Maden gold recovery is 77% which is quite a long way from the 50% in your estimate which I suggested you review. It's also obvious they want to try and improve that to 93% by adding another circuit to the plant (as any respectable miner should when you are talking gold grades of 9g/t).

I think it's also premature to claim that the gold grades closer to the surface are low grade as only 35% of historic holes were sampled for precious metals. That's still part of the attraction of the story. ie we just don't know how the gold will play out.

You started with a very dismissive and cocky post in response to my metal equivalence calculation, which I think is a good start to try and understand how rich the deposit is for people just newly coming to the story. Then when I said a gold recovery of 50% was ridiculous (with no disrespect intended) you gave all manner of argument to justify why it is not. Even your example shows 77%. I'll guarantee you it will never be 50%.

It's all pretty academic at this stage. The more important thing to watch is how aggressively the share price gets manipulated by the vulture funds and/or predators trying to get a bigger and cheaper slice of the pie as the project moves forward.Esh