ADT 2.13% $4.13 adriatic metals plc

A breakdown of $ADT $ADT.AX over the next 24 trading days.-...

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    A breakdown of $ADT $ADT.AX over the next 24 trading days
    .- Enviro public hearing 30/08
    - Rupice infill drill results ETA 7 days
    - Updated MRE ETA 15 days
    - $TETH deal finalised ETA 20 days
    - PFS ETA 23 days

    My estimate for the PFS is 12.5MT with similar grade to scoping study, this is a 32% increase in tonnage. If you apply this to the current NPV and increase the price deck slightly I estimate the new NPV to be $1.8 billion AUD.

    A development company like $ADT typically is taken over for 50% - 60% of NPV. Being conservative that would give $ADT a takeover price of $4.10. That doesn't include any of the assets from $TETH or any of the regional exploration targets in Bosnia. My price target is $4.50
 
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Last
$4.13
Change
-0.090(2.13%)
Mkt cap ! $1.148B
Open High Low Value Volume
$4.18 $4.22 $4.09 $5.169M 1.248M

Buyers (Bids)

No. Vol. Price($)
1 2439 $4.12
 

Sellers (Offers)

Price($) Vol. No.
$4.20 50000 1
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Last trade - 16.10pm 06/11/2024 (20 minute delay) ?
ADT (ASX) Chart
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