ADT 3.55% $4.07 adriatic metals plc

The closest company on the ASX that I can see to your estimate...

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  1. 6,058 Posts.
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    The closest company on the ASX that I can see to your estimate would be BGL regarding AuEq. Even if your out by 10/20% it seems like a fair comparison? It’s pure play gold with recoveries likely higher than expected here though.

    They just released a resource of 4MT at 11.8 g/t for 1.53Moz but going as deep as to 600m, Open all directions with more upgrades on the cards in Q2 and that includes a high grade zone of 22g/t for 500k oz.

    Current MC $A225m with ~$10m cash.
    I think the disconnect right now is just getting that resources put down on paper and promoted along with the expansionary upside potential
    Last edited by El Jefe: 05/02/19
 
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Last
$4.07
Change
-0.150(3.55%)
Mkt cap ! $918.1M
Open High Low Value Volume
$4.20 $4.23 $4.07 $1.360M 328.1K

Buyers (Bids)

No. Vol. Price($)
1 124 $4.05
 

Sellers (Offers)

Price($) Vol. No.
$4.08 4481 3
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