ADT 2.38% $3.69 adriatic metals plc

You are *flat out* wrong. You can not hear reason past the sound...

  1. 613 Posts.
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    You are *flat out* wrong. You can not hear reason past the sound of your own loud ego and every post you make shows more and more of your ignorance.

    Again, CapEx at Hod Maden is US$272M. They *MUST* recover a bit more gold as they do not have the benefit of a polymetallic metals mix. Almost all the pay metals at Rupice will float easily with simple bulk flotation, unlike Hod Maden, which gets most of its revenues from gold.

    The operators at Rupice would be staggeringly stupid if they increased CapEx/OpEx to recover 30-40% more of 2g/t Au.

    Only someone who has zero grasp of Discounted Cash Flows (DCF) would front load CapEx for this cause, which would eat into the Net Present Value (NPV). It is much wiser to defer capital expenditures (paid with cash flows from operations as opposed to equity dilution or debt) to recover gold later in mine life, when they are actually mining the higher grades.

    Too, you seem to not understand that gold to tailings does not mean that it is lost. It will simply be recovered later.
 
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$3.69
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$3.75 $3.76 $3.66 $1.931M 522.0K

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