ADT 2.70% $2.66 adriatic metals plc

Ann: Executive Management Changes, page-65

  1. 156 Posts.
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    There isn't a grade issue yet, and might not be. They've only put through development ore which doesnt have grade control drilling to verify what the grade is, vs what the mill output is so they dont know how to calculate the absolute recovery for that material.
    All the stopes will have grade controll drilling so they will be able to verify grade mined vs milled vs metal content and then assess from there.
    peak risk reward time to invest now. if risks resolve then we'll see a assult back to $5 if risks materialise might decline a bit or stagnate.
    cant say im happy with the performance in the last three months but comments on the ramp up are premature as they haven't fired a stope yet.
 
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