ADT 1.27% $3.90 adriatic metals plc

Streetwise published an article the other day on Adriatic...

  1. 613 Posts.
    lightbulb Created with Sketch. 421
    Streetwise published an article the other day on Adriatic Metals.  You can find the article here: https://www.streetwisereports.com/article/2018/10/25/adriatic-metals-a-polymetallic-explorer-with-significant-potential.html

    The article is wordy but very lean on modeling, instead relying on extremely conservative and lazy assumptions.  

    CriticalInvestor (who I have known for a while and with whom I have a bit of a history) and Kees Dekker estimate a h/g core of 1.58Mt within a total resource of 2Mt.

    I nearly spit out my coffee and fell out of my chair. 

    For comparison, Sprott Res Corp had estimated a h/g core of 1.5Mt as at BR-2-18.  The company has extended strike by at least 100m since then and have also laterally expanded the h/g envelop up dip.  Per SRC, the h/g core alone should be well in excess of 2Mt.

    My models show a h/g core of 2.7Mt and total resource of 4.6Mt-4.9Mt (depending on cut-off for open pit vs. underground).  The deposit is open along strike and to the N/NW.  Ultimately I expect tonnage to be in the 6-8Mt range.  We will see when the company concludes drilling and publishes the maiden resource estimate in 1H19.
    Last edited by PamplonaTrader: 28/10/18
 
watchlist Created with Sketch. Add ADT (ASX) to my watchlist
(20min delay)
Last
$3.90
Change
-0.050(1.27%)
Mkt cap ! $1.083B
Open High Low Value Volume
$3.94 $3.94 $3.80 $1.320M 340.8K

Buyers (Bids)

No. Vol. Price($)
1 535 $3.88
 

Sellers (Offers)

Price($) Vol. No.
$3.91 2000 2
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
ADT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.