One numbers from our friend PT
Adriatic Metals $ADT.ax calculating NSR value of rock at over US$400/t vs site costs in the US$50-$80/t range. Again, completely discounting the barite. Very high margin.
Keeping score:SilverCrest $SIL.V FDEV US$270MAdriatic Metals $ADT.ax FDEV US$80M$SIL.v resource 4.6Mt ... Nevermind the 8Mt+ the broker reports are giving Rupice (and at better grades). Why is $ADT.ax trading at less than 1/3rd the value of $SIL.v?
Sprott A$1.50/sh price target for Adriatic Metals $ADT.ax based on 0.2x NAV. High-quality deposits like Rupice get taken out for over 0.6x NAV.$ADT.ax FDEV US$80M vs Sprott NAV10% over US$900MLet all that sink in for a few minutes.
Ann: High Grade Mineralisation Extends North and South at Rupice, page-17
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