Ann: Adriatic Metals Corporate Presentation, page-182

I agree with Green Bull, there is plenty of time to sort out these regulatory issues. By the time the dates come around the full size and value of the deposits will likely be known. Often mining laws and regulations leave room for discretion in the their application by the political authority that overseas them and conditions on licences can be applied to be amended.

What’s more there are laws of equity and international laws which can protect shareholders in the event of untoward behaviour.

The important thing here is that the Rupice licence is granted, it is 100% owned, the land tenure under the concession is owned and controlled by ADT and all this appears from the legal report to be valid IMO DYOR.

The ADT tenure covers 100% of the Rupice deposit as currently defined and there is still room for expansion up and down dip and some room down plunge. From my comparisons with SFR’s DeGrussa/conductor1 deposits at DeGrussa (DYOR) the Rucipe deposit currently has longer strike extent and more vertical depth extent than the DeGrussa/Conductor1 VMS lens and in all probability contains more tonnage than that deposit. The ultimate size of the Rupice deposit is also currently undetermined. I will post some information on possible ranges of sizes, based on the USGS database of world VMS deposits, later on the ore genesis thread.

It is likely ADT’s first mover advantage will come into play where applying for new ground is concerned. I expect that landowner negotiations will be well underway by now.

Give them time to drill and work through the complexities before passing judgement here. The company is already very undervalued based what is in the ground IMO. Esh