Streetwise published an article the other day on Adriatic Metals. You can find the article here: https://www.streetwisereports.com/article/2018/10/25/adriatic-metals-a-polymetallic-explorer-with-significant-potential.html
The article is wordy but very lean on modeling, instead relying on extremely conservative and lazy assumptions.
CriticalInvestor (who I have known for a while and with whom I have a bit of a history) and Kees Dekker estimate a h/g core of 1.58Mt within a total resource of 2Mt.
I nearly spit out my coffee and fell out of my chair.
For comparison, Sprott Res Corp had estimated a h/g core of 1.5Mt as at BR-2-18. The company has extended strike by at least 100m since then and have also laterally expanded the h/g envelop up dip. Per SRC, the h/g core alone should be well in excess of 2Mt.
My models show a h/g core of 2.7Mt and total resource of 4.6Mt-4.9Mt (depending on cut-off for open pit vs. underground). The deposit is open along strike and to the N/NW. Ultimately I expect tonnage to be in the 6-8Mt range. We will see when the company concludes drilling and publishes the maiden resource estimate in 1H19.
- Forums
- ASX - By Stock
- ADT
- Updated Resource Estimate (based on current results)
Updated Resource Estimate (based on current results), page-743
-
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ADT (ASX) to my watchlist
|
|||||
Last
$3.33 |
Change
-0.080(2.35%) |
Mkt cap ! $931.7M |
Open | High | Low | Value | Volume |
$3.36 | $3.37 | $3.29 | $1.454M | 436.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 5211 | $3.32 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.33 | 7369 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 4951 | 3.310 |
15 | 18585 | 3.300 |
12 | 7820 | 3.290 |
8 | 9818 | 3.280 |
7 | 4192 | 3.270 |
Price($) | Vol. | No. |
---|---|---|
3.320 | 8968 | 21 |
3.330 | 11663 | 10 |
3.340 | 8606 | 10 |
3.350 | 13607 | 9 |
3.360 | 16366 | 10 |
Last trade - 13.35pm 18/07/2024 (20 minute delay) ? |
Featured News
ADT (ASX) Chart |