ADT 2.16% $4.08 adriatic metals plc

Ann: Adriatic Metals Corporate Presentation, page-212

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  1. 11,185 Posts.
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    "next results need to be great or market will destroy them."

    I don't agree. From my perspective the historical drilling and the new drilling has already "proven" there is a large deposit at Rupice, so the share price will float on the value inherent in "what is already known". Additional drilling up and down dip only goes to close-off the extents of what is know. ie the horizontal and vertical extents (strike extent) has already been established along with the deposits continuity.

    Share prices get destroyed in exploration plays when the next hole debunks the previous holes. I can't see up and down dip drill results as being big game changers here. It's the down plunge strike extension that matters IMO. If Rupice is a VMS deposit as speculated then what we have seen so far could just be part of the deposit, (ie the upper central/to peripheral lobe of the deposit). Any copper enrichment down plunge might mean this is a much bigger deposit than has already been outlined. The metal zoning should tell some of the size story IMO. Esh
    Last edited by eshmun: 14/08/18
 
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Last
$4.08
Change
-0.090(2.16%)
Mkt cap ! $918.1M
Open High Low Value Volume
$4.09 $4.20 $4.06 $333.3K 81.36K

Buyers (Bids)

No. Vol. Price($)
1 500 $4.02
 

Sellers (Offers)

Price($) Vol. No.
$4.10 140 1
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Last trade - 16.10pm 02/12/2024 (20 minute delay) ?
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