Comparing to our neighbours in AUT, they have a resource of 1Moz at 11g/t and a MC of $227million If we compare it in a simplistic form of like for like, ADV would have a SP of roughly 11.5c if we define a resource of 1Moz with similar grade(I'm hopeful for much more than 1Moz) which is still around 2 and a half bags from today's SP. IMO this is going to be easily achievable with what we have seen in the latest geophysical survey defining multiple targets. Given the market is forward looking, I think a 1Moz resource will put the ADV SP closer to 15c given the amount of land we hold and gold price is tipped to keep rising etc. CR along the way may influence the price negatively or positively depending on how the capital is raise. I'm not to sure about the lithium prospects or if they ADV still have plans for lithium, maybe someone else could add to that.
comments welcomed.
ADV Price at posting:
3.4¢ Sentiment: Buy Disclosure: Held
