Broker report for ADT, page-4

I don't know what your other stock is densamer but Rupice is open in all directions but we are particularly hopeful for continuation into the new northern extension and the company has an explanation for increasing depth along strike and the high grade. "Thrusting" was the word used but I'm not a geo so don't know what it means. The other thing I've been banging on about is continuation towards JB and it seems the company is excited by the potential and the only reason it hasn't been drilled is because they needed an extension to the eastern boundary in order to drill in the same direction as at Rupice. That extension has been granted but it seems they may hold on drilling until new IP is done using 10x stronger signal than used previously. And more recently the company has talked about having a better understanding of the rock assemblage. Frankly I have no idea what that means but perhaps someone here will explain the significance. So to sum up, I don't think Red Dog 2 is too fanciful. It's a chance and that's perhaps why mkt cap appears expensive to some.