Yikes as a holder why are you posting that?? I hope you understand it paints a very glum picture.
It certainly does clear up a few myths number one ARD is not a silver company, it has transitioned to a bade metal company.
Nope only a small part of the revenue will come from silver.
Check out those grades 25 g/t on a 60% recovery, so close to 15 g/t, most operating silver mines do atleast 200 g/t at the moment on an 80%+ recovery, I think the $23 price assumption is generous very very generous.
The zinc prices are now less than half what they were in that report aswell, lead is also well down.
I did also read about the silver only option, but that's only viable once silver hit in excess of $30 USD, not going to happen.
They need to find out where the copper and gold are on this one to have a chance, zinc/lead/silver aren't going to cut with those grades not even close.
ARD Price at posting:
3.4¢ Sentiment: None Disclosure: Not Held
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