ADT 2.38% $4.10 adriatic metals plc

I will add this here where it belongs. [ATTACH] We are seeing a...

  1. 6,058 Posts.
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    I will add this here where it belongs.

    Screenshot 2019-03-25 at 14.04.04.png

    We are seeing a trend with these broker reports now. The figures they are coming out with are all fairly similar. Hartleys say 13mt is conservative and a taste of what's to come, when including Veovaca at average 14% ZnEq.

    The last one from Tamesis partners who does a site visit says there is scope for ~10mt resource based on currently completed drilling as of a couple months ago, excluding Veovaca, with a 13% ZnEq average.

    I think I'm not talking out of turn when I say if we are including Veovaca we are looking at a minimum 10MT resource which if we are lucky will grow as drilling progresses over 2019. That gives almost 30% of downside leeway in the above two broker report models, I would hope they wouldn't be out any more than that.

    From the MJG capital report we can look at some valuations to peers which I recommend people take another read of to see the value a high grade 10mt resource should place us in relation to the prices of peers.

    Screenshot 2019-03-25 at 14.37.43.png
 
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$4.10
Change
-0.100(2.38%)
Mkt cap ! $918.1M
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No. Vol. Price($)
1 5000 $4.07
 

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Price($) Vol. No.
$4.20 5541 2
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