ADT 3.96% $3.15 adriatic metals plc

Initial Kizevak Drill Results Released, page-42

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    As a long term shareholder (perhaps the longest continuous retail shareholder so far), I can’t say I’ve got any complaints against Paul, who has created some great value so far, and perhaps much more to come. I’m sure that many long term shareholders here share my opinion. Actually our opinion is also not needed – the share price chart from inception speaks for itself.

    I don’t personally have much of an issue with drill hole results, over here.

    Here is some relevant stuff what Paul said in a recent podcast -

    Recent drilling shows very strong precious metals component

    Drilled 20,000 metres since scoping study. Very close to putting out whole raft of drill hole results. Updated resource and PFS end of September

    Met work done by Graham hill on PFS has been maximizing the value of precious metals including higher recovery of gold and additional payabality of gold resources.

    Working on first draft of PFS later this month. PFS should be end of September

    Based on drilling results, there should be reasonable expansion of resource

    Dont want to prempt updated mineral resource estimate but safe to assume reasonable increase in tonnage” – excerpts from podcast

    https://hotcopper.com.au/threads/an...-appendix-3g.5544218/page-16?post_id=46453247


    IMHO, we are not a $1-5 million explorer just starting out where each and every drill hole result makes a material impact on our market cap.
    We already have a JORC since more than a year, and even a scoping study, and are on our way to become a multi country-multi mine operation.

    Drill hole results are in any case eventually a part of updated mineral resource which is also coming soon. Updated mineral resource is any case a part of PFS which is coming soon.

    Also some delays might be normal with the current covid crisis.

    Taking a more global view, IMHO, I can’t see much of an issue if information is given together to see a bigger and more accurate picture, so long as there is nothing material.
 
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