ADT 0.28% $3.50 adriatic metals plc

I want to dispel the some mis-interpretation here, the high...

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  1. 181 Posts.
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    I want to dispel the some mis-interpretation here, the high grade zone that was the basis of the excellent scoping study IRR% still exists undiluted in its grade. therefore Rupice will still have great economics both IRR and NPV.
    This update adds to the extent of the deposit outside of the previous estimate...
    So if they whack these new tonnes on at the end of the SS mining plan then there won't be much change in NPV as it will just increase mine life from 11 years to 15 which when discounted back to today will add little value.
    However if they have the confidence to increase the mill throughput in the PFS vs SS then the NPV will increase.
    I don't see much change to the PFS IRR% from this resource estimate as the high grade pod >60m thick is still going to be mined first. The PFS IRR% will be more impacted by capex changes or metal prices.
 
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