Broker report for ADT, page-27

There are those who want to be conservative and then there are dreamers like me. Potential strike i.e. down the plunge, at Rupice is 1km. It definitely extends north into the new extension and is increasing in thickness (width)  and grade.We know that so far average is 28m. width. From published cross-sections I'm going to estimate 150m. down dip. This is a reasonable guesstimate/projection. The real upside comes from the 900m Rupice-JB corridor. Read what the company is saying recently about that. The company also says mineralisation is open to the east of JB. Assuming Rupice widths and length down dip the arithmetic is 2000m x 25m x 150m x 3.5SG = 26mt! (BTW I stole this from somebody else but it's a good idea!) Okay, that might be a bit over the top but you can see the POTENTIAL. I'm a dreamer. Work out your value from there but my best comparison is Red Dog which is twice as big but similar grade. But don't believe me, do your own due diligence!