ADT adriatic metals plc

IPO - Adriatic Metals Limited, page-8

  1. 1,508 Posts.
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    I asked for X and received X/7. I can't speak for the rest of the suckers that rushed in for this but:

    - Put aside Veovaca, the flagship has to be Rupice, have no idea why they feature them the wrong way round.

    - The Rupice metal value is ~36% contained in precious metals in particular silver, the historical drill holes mostly did not assay for these, throw the historical drill holes out the window, look at the recent holes (below), the cross section they use is confusing because of the historical assay issue.

    - The standout drill hole everyone is looking at is 64m at ~25% ZnEQ or 12.2% CuEQ or 19g/t AuEQ (gold equivalent), and its open, the follow up to this hole should be swift upon listing.

    -  At these grades they will be able to define say 1MozEQ per 1.5MT of ore, they don't need much volume to get that sort of tonnage happening, or hopefully multiples of that, as the rock will have a very high SG

    - Even if it ends up too small, the area seems to have potential for multiple Rupice style occurrences and there will be some high grade copper in there somewhere

    - They have put together a great team e.g chairman of IGO ($3bn)

    - Neighboring Serbia has attracted its fair share of exploration investment and M&A. Its day 1 for Bosnia, and this team will be on the ground and funded,  I think they will expand the land portfolio rapidly and become something special

    Good luck to all the other suckers waiting for the open, I hope your brokers take a holiday and your internet connection dies.

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