ADT 1.27% $3.12 adriatic metals plc

Ann: Sandfire Resources Increase in Relevant Interest, page-67

  1. 1,623 Posts.
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    A lot of professionals have been caught out here @sharman so it's not something about which you ought to be embarassed.
    Rupice is unique. That is not hyperbole. I haven't done the research but nobody has come up with a comparable orebody that has standalone grades of Au, Ag & Zn and includes Pb, Cu & barite.
    I'm not going to say there are repeats of Rupice nearby but management knows from old Yugoslav-era data that in the region there are other orebodies and in those days they weren't assaying for PMs.
    Also, reading between the lines, some of the $25m just raised will be spent acquiring more land between Rupice and Veovaca, a distance of 15km I think. In Bosnia exploration permits cost USD500k per sqkm from memory.
    So there's upside from exploration as well as from the market getting a better understanding of what is already "in the bag".
    Apparently North American investors are still not fully appraised of ADT.


 
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