Remember my $1.80/sh target implies a fully diluted value of US$200m... which is covered by just one year of gross profits from mining a modest 500ktpa from Rupice. 500kt is worth US$200m-250m... and that is gross profits not in ground metal value.
Sprott, as of BR-3-18, calculated 1.5Mt of high grade ore... this easily covers mine CapEx and 10x the current EV of $ADT.
Both Sprott and I *exclude* barite from our calculations, which should easily pay for OpEx (1t+ underground or 4t open pit assuming 3:1 strip).
If $ADT defines just 4-5Mt of ore at Rupice, this is good for 8-10 year mine life and critical mass for a takeover.
I am projecting 8Mt of ore at Rupice, alone.
Remember my $1.80/sh target implies a fully diluted value of...
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Last
$3.15 |
Change
-0.130(3.96%) |
Mkt cap ! $884.0M | |||
| Open | High | Low | Value | Volume |
| $3.22 | $3.27 | $3.15 | $2.389M | 748.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 17669 | $3.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.17 | 625 | 1 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| ADT (ASX) Chart |