Gold silver prices may be down a bit but Zn was up 5% overnight...

Gold silver prices may be down a bit but Zn was up 5% overnight to nearly $2,850. On up a bit as well as Cu.

All the positive metal price action bodes well for ADT to receive higher average metal prices than in the DFS assuming they maintain current prices or even higher prices. Now all we need is for ramp up to go relatively smoothly which is by far the biggest risk to the SP

5 brokers are estimating a profit fir FY25 putting it on a forward PE of only 4.6. If the broker estimates are sensible and ramp goes roughly according to plan then the SP could easily double over the next 12 months and more if metal prices continue to climb and there is upside from more exploration success. In addition if we are entering a commodity and precious metal bull market we could see ADT go up 4 times or more in the next 2 years as mining shares tend to become over valued in a bull market.

However there are significant risks to the above possibly rose coloured scenario.