ADT 1.96% $4.01 adriatic metals plc

Ann: Updated Mineral Resource Estimate, page-47

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  1. 316 Posts.
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    Thanks for injecting some sense into the thread, @JID. The announcement could have been a bit clearer about the change from ZnEq to AgEq, but it's a shame people misinterpreted that as being a lower cut off grade when they'd actually increased the cut-off grade significantly.

    Great post above from @ozpolarbear. I think people are ignoring the fact we're moving from a scoping study to a PFS. Comparing the 2 resource estimates, there is a shift in resource and contained metal from the inferred category to the higher, indicated category, and which can now be fed through into the PFS. People are chasing headline numbers around tonnage etc and ignoring that this upgrade (for that is what it clearly is) improves certainty and ultimately makes the project more financeable. Increased mine life obviously adds to that, too. Short-sighted reaction IMO.
    Last edited by freeheel: 02/09/20
 
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