I have spent the weekend looking for other projects to compare with Rupice. I am fairly confident Rupice can achieve a resource size of around 15MT with a grade of 10 AuEq. If they can get to those numbers it would be the NPV around $2 billion. There is no other development project worldwide with those numbers not 1!!
This does not include any upside from the TETH deal. If we then compare what other projects / companies sell for at PFS stage it would be around 0.5 of NPV. That would give ADT a sale price around $4.5 to $5.
still plenty of upside in this $200 million development unicorn.
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- Ann: Adriatic Metals plc to Acquire Tethyan Resource Corporation
Ann: Adriatic Metals plc to Acquire Tethyan Resource Corporation, page-31
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Last
$3.70 |
Change
-0.085(2.25%) |
Mkt cap ! $1.035B |
Open | High | Low | Value | Volume |
$3.75 | $3.76 | $3.66 | $2.444M | 660.8K |
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No. | Vol. | Price($) |
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26 | 4197 | $3.69 |
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Price($) | Vol. | No. |
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$3.70 | 34688 | 11 |
View Market Depth
No. | Vol. | Price($) |
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19 | 9199 | 3.680 |
15 | 14814 | 3.670 |
13 | 17211 | 3.660 |
11 | 54076 | 3.650 |
6 | 6213 | 3.640 |
Price($) | Vol. | No. |
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3.700 | 38264 | 15 |
3.710 | 18739 | 13 |
3.720 | 17691 | 12 |
3.730 | 14857 | 9 |
3.740 | 3387 | 5 |
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