When pretty much every metal in ADT's deposit is being sold off...

When pretty much every metal in ADT's deposit is being sold off aggressively it's not a huge surprise to see price direction.

The reasons I like ADT and have since the start is that they have cash to finish some significant work programs, not at the whim of cash from market and the value per tonne of their resource is high enough that it can take these fluctuations and still have good economics.

This base/precious metal rout can't last forever from my perspective. There just aren't enough economic deposits at lower prices to meet demand and as such when trade war issues settle down and USD finds a top we will start the cyclical swing back up.

In the interim ADT need to lock down land expansions, keep proving the resource and shore up and country risk.

If they can do that then this will be big. A lot of work to do but if they can get it done metal prices will do the rest eventually.