Been following ADT over the last year or two, noticed that their projected silver revenue was about 1/3 of total life of mine, while precious metals totalled around 50%.
This was based on $25 USD Silver, $1800 Gold, $3000 tonne zinc.
With 2024 Silver expected to average closer to $30, and Gold closer to $2500 ... ADT might soon be eligible for Gold/Silver ETF inclusion, which then brings with it large capital investment, and additional share price appreciation (in addition to beating revenue and profitability targets).
ADT (now the only silver-focused producer on the ASX) could soon get a precious metals miner re-rate. Lots to like. Watch this space.
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Last
$6.22 |
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0.000(0.00%) |
Mkt cap ! $1.876B | |||
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