ADMLF - Adriatic Metals: Triple-Digit Upside Potential At A Reasonable Risk
- Adriatic Metals owns two brownfield projects in Serbia and Bosnia & Herzegovina.
- The Vares project should be producing approximately 10 million toz of silver equivalent per year at an AISC of $10/toz over a 14-year mine life.
- At the current metals prices, Vares has an after-tax NPV (8%) of over $1.2 billion and an after-tax IRR well above 100%.
- The feasibility study for Vares should be completed in Q3, with the first production expected by the end of 2022.
- At the current share price, Adriatic Metals offers a triple-digit upside potential at a reasonable risk.
For further details see:
Adriatic Metals: Triple-Digit Upside Potential At A Reasonable Risk