ADT 3.55% $4.07 adriatic metals plc

Correct ~$800m AUD, $US175m for 30%. Your right though, Im not...

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    Correct ~$800m AUD, $US175m for 30%.
    Your right though, Im not sure where he gets the $408m as 100% basis.

    Bosnia considered highest sovereign risk than the other two although I don't see how it could be much higher than Turkey.

    ADT recoveries likely to be lower than the others.

    ADT grade likely quite a bit lower than Hod Maden, maybe in line or better than Las Chipas.

    This guy estimated 3.1mt at the time and discounted it 20%.
    Like I said worth re reading for some better context than I posted.

    I dont agree with your $936m.
    If we use Hartleys 4.2Moz AuEq for 13mt @ $72, that would give approx $A425m.
    Last edited by El Jefe: 25/03/19
 
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