Adriatic Metals (LSE: ADT1, ASX: ADT) this morning has released its Pre-Feasibility Study (PFS) for the Vares project. With an NPV8 of US$1040m (up from $917m in the Scoping Study) and capex of US$173m (US$180m) we believe this is one of, if not, the highest profitability ratios of any project in the world (NPV/Capex) as evidenced by the 114% IRR. The 14yr LoM operations will have an average EBITDA of $251m in its first five years of production due to start in Q4 2022 with 45.3% of revenues comi ....
15 Oct 2020
Pre-Feasibility Study Adds More Value
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Pre-Feasibility Study Adds More Value
Adriatic Metals Plc (ADT1:LON) | 222 4.4 0.9% | Mkt Cap: 679.8m
- Published:
15 Oct 2020 -
Author:
Tamesis Research Team -
Pages:
4
Adriatic Metals (LSE: ADT1, ASX: ADT) this morning has released its Pre-Feasibility Study (PFS) for the Vares project. With an NPV8 of US$1040m (up from $917m in the Scoping Study) and capex of US$173m (US$180m) we believe this is one of, if not, the highest profitability ratios of any project in the world (NPV/Capex) as evidenced by the 114% IRR. The 14yr LoM operations will have an average EBITDA of $251m in its first five years of production due to start in Q4 2022 with 45.3% of revenues comi ....