ADT 3.96% $3.15 adriatic metals plc

5. Value: Fully Diluted EV @ A$0.50/sh = US$48m... $48m vs....

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    5. Value:

    Fully Diluted EV @ A$0.50/sh = US$48m...

    $48m vs. *average $189m per annum*

    The high grade zone is even more profitable... over *a quarter billion dollars per annum* at just 1500tpd.

    6Mt-8Mt of resource and I think A$3-$5/sh takeout is not so crazy (FDEV US$350-$550m).
 
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