ADT 8.09% $3.28 adriatic metals plc

Ann: Vares Silver Project Definitive Feasibility Study, page-113

  1. 1,069 Posts.
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    Big and long term shareholder Datt capital with their latest excellent piece on ADT covering several key points and giving a great snapshot on the company

    Some excerpts -
    Is this the world's best mineral development project?

    an NPV8/Capex ratio of 6.3x - this is a measure of capital efficiency and it is the highest we've ever seen from a greenfield mining operation

    Any way we look at it, we believe the company is undervalued trading at only around 35% of the Vares Project's NPV, entirely ignoring its other assets. Similar assets have transacted for in excess of 80% of NPV

    We remain long-term shareholders of Adriatic Metals.

    https://www.livewiremarkets.com/wires/is-this-the-world-s-best-mineral-development-project
 
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