Hey bubbles, the only way ADV will permanently get out of their mess is to increase their JORC to 10MT. Not ‘potentially’ increase the resource or discover a ‘highly prospective’ gold reserve at Pickle.
Over recent years ADV have spent millions of investors dollars to prove they don’t have a viable Graphite reserve and thus far have confirmed that they only have thin ribbons of high quality Li bearing pegs that are so thin and scattered that they could only JORC the absolute minimum as outlined by Yantais term sheet.
I simply cannot see why any of these new ‘highly prospective’ targets will be any different to what they have already defined....good quality but thin and sparse.
IMO they ain’t gonna get the JORC to 10MT. Of course I hope I’m wrong but presently logic preceeds hope.
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