Discussion in 'Stocks & Derivatives' started by scott_reeve, Feb 12, 2019.
Adriatic Metals still has a nice chart. Promising exploration results so far.
ADT chart update:
In my portfolio just prior to that last move over $1.80
Fingers crossed it's positive news.
Looks like they're going to start on a DFS immediately.
Forward looking guidance is based on the following prices:
Do you reckon that could be called a touch optimistic for a while? I suppose production won't start for ages though.
I think the gold price is ok. Silver, not so much.
Listening to a podcast and it seems that they used these bullish numbers for the gold and silver price to bump up the NPV as the resource quality is not as high as they previously thought (in the scoping study), transporting costs are higher and there was another thing a bit higher but I can't remember.
I'm torn between offloading my holdings v keeping them as the company is moving quickly to a DFS.
Assumed metal prices higher.
Operating costs higher
Ore reserves lower.
Ore grades lower.
Discount rate more conservative.
NPV = USD$845 million vs MC USD$270 million.
I don't have a large enough holding to worry selling at these numbers - and the numbers still look good.
Separate names with a comma.