ADT 3.55% $4.07 adriatic metals plc

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

  1. 6,058 Posts.
    lightbulb Created with Sketch. 875
    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
 
watchlist Created with Sketch. Add ADT (ASX) to my watchlist
(20min delay)
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
View Market Depth
Last trade - 16.10pm 22/11/2024 (20 minute delay) ?
ADT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.