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.
ADT Future ETF Inclusion
Add ADT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$4.78 |
Change
0.030(0.63%) |
Mkt cap ! $1.245B | |||
| Open | High | Low | Value | Volume |
| $4.80 | $4.89 | $4.77 | $2.429M | 503.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 5965 | $4.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.78 | 2553 | 11 |
View Market Depth
| Last trade - 15.05pm 21/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$4.81 |
Change
0.030 ( 0.74 %) |
||||
| Open | High | Low | Volume | ||
| $4.79 | $4.88 | $4.77 | 129299 | ||
| Last updated 15.18pm 21/05/2024 ? | |||||
| ADT (ASX) Chart |