ADT 1.82% $3.92 adriatic metals plc

Silver just smashed through $US30 now about $US30.70 up over...

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    Silver just smashed through $US30 now about $US30.70 up over 3%.

    POG over $US2,410

    Pb and especially copper up a lot as well to over $US10,600. Don’t know about Zn as still showing yesterdays prices but assume it will be close to $US3,000.

    Based on current metal prices ADT revenue will be more than 10% above the prices used in the DFS - even AISC is about 35% above the DFS they be producing cash after tax of $US200m or $A300m pa based on full production assuming they achieve it. So the PE will be very low. If they achieve an AISC closer the the DFS of $US7.30 then the cash flow will be significantly higher.

    And if metal prices continue to climb the SP will look very low.

    We just need to see ADT hit planned production guidance, there is still significant risk here.

    PS I am in London ATM badly jet lagged.


    https://hotcopper.com.au/data/attachments/6179/6179312-d87e629cd519ef8d9e3d2cc4941f45d5.jpghttps://hotcopper.com.au/data/attachments/6179/6179309-0ed9e3ce22918364f590ed10c3eb6c6a.jpg
    Last edited by calmbeforestorm: 18/05/24
 
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