ADT 0.00% $4.40 adriatic metals plc

Excellent results. I particularly like the many lenses stacked...

  1. 149 Posts.
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    Excellent results. I particularly like the many lenses stacked in section B-B'. A bit strange the two Lower Zone lenses do not extent over the short distance to section A-A' with only one thin lens there.

    Whether it is a good idea to keep on drilling the Rupice deposit from surface is questionable. They have enough reserves for years of mining during which time they can far more efficiently drill from underground. The current drill budget can then be used for exploration drilling to extend the Rupice deposit at an inferred level of confidence and more aggressively drill elsewhere. Any success would impact the share price more meaningfully.

    What is not a good sign is the total absence in the plan to drill beyond the northern concession boundary the down plunge extension of the Rupice deposit. It seems management does not count on getting the concession extended in that direction.
 
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