A couple of corrections to my previous post: 1. PEA due by year end not PFS; 2. substantial increase soon in area under Exploration Licence between Rupice & Veovaca with granting of Exploitation Licence due 2nd qtr 2020.
I'm actually not sure PEA/PFS is worth the paper written on!
Exploitation Licence is the key to M&A.
BTW I note a substantial difference between Sprott US$100m & BMO US$170 for construction of the plant. Neither have any value for exploration upside.
Ann: Adriatic Metals Preliminary Metallurgical Testwork Results, page-99
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