ADT 10.0% $3.23 adriatic metals plc

Ann: Rupice Ore Reserves Upgrade, page-16

  1. 4,894 Posts.
    lightbulb Created with Sketch. 3909
    Yeah its interesting that they are still drilling, presumably to find something higher grade to put through the mill sooner rather than later and increase cashflow in the early years, at this stage the size of the mill is set so why go and find more ore? They already have up to 18 years of ore mining in front of them, so assuming the extra drilling is to convert Resources to Reserves?

    I mMissed the dip on the 13th Dec but hopefully my entry around $3.19-ish is OK and not going to suffer any more orphan stage share price drops.
 
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