ADT 0.26% $3.78 adriatic metals plc

Ann: ADT - Massive Sulphide Mineralisation Continues at Rupice, page-21

  1. 924 Posts.
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    Post tax NPV (8) was stated by the company as USD$916m, so converting that at today's exchange rate is AU$1,417b. So, we're already looking at a takeover of circa AUD$4 on the 50% NPV premise.

    With up to 6 rigs running for the next 5 months, and assuming continued resource expansion, surely this gets us close to a takeover circa AUD$6 minimum.

    DYOR, GLTAH
 
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