Adriatic Metals (ADT1) Share Price, News & Analysis

Company Overview

Adriatic Metals PLC (ASX:ADT, LSE:ADT1, OTCQX:ADMLF) is a precious and base metals developer that is advancing the world-class Vares Silver Project in Bosnia & Herzegovina, as well as the Raska Zinc-Silver Project in Serbia. The Vares Project 2021 Definitive Feasibility Study boasts robust economics of US$1,062 million post-tax NPV8, 134% post-tax IRR and a capex of US$168 million. Adriatic is the only publicly listed mining company exploring in Bosnia and Herzegovina and is leveraging its first-mover advantage. The Company is well-funded and concurrent with advancing the construction of the Vares Silver Project, continues to explore across its large, highly prospective 41km2 concession package. Adriatic Metals completed the acquisition TSX-listed Tethyan Resource Corp. in Q4 2020, which contained the Raska Zinc-Silver Project in southern Serbia. The Company is exploring across its 99km2 highly prospective concession area, which includes around the formerly operating Kizevak and Sastavci polymetallic mines. The Vares project's captivating economics and impressive resource inventory have attracted Adriatic's highly experienced team, which is expediting exploration efforts to expand the current JORC resource. Results of a recent pre-feasibility study announced on 15 October 2020 indicate a post-tax NPV8 of US$1,040 million and IRR of 113%. Leveraging its first-mover advantage, Adriatic is rapidly advancing the project into the development phase and through to production with significant cornerstone investment of US$28 million from Queen's Road Capital Investment and European Bank for Reconstruction and Development. There have been no material changes to the assumptions underpinning the forecast financial information derived from the production target in the 15 October 2020 announcement and these assumptions continue to apply. There have been no material changes to the assumptions and technical parameters on the updated Mineral Resource Estimate announced on 1 September 2020 and these assumptions continue to apply. Adriatic Metals acquired TSX-listed Tethyan Resource Corp in 2020, to advance the former Kizevak and Sastavci polymetallic mines in the Raska District, southern Serbia.

Key Stats

• Today's Range: 320 to 320
• 50-Day Range: 320 to 320
• 52-Week Range: 137 to 328
• Volume: N/A
• Average Volume: 246,312 shs
• Market Capitalization: £1.11 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: GBX 277
• Consensus Rating: Hold

Industry, Sector and Symbol

• Stock Exchange: LON
• Sector: Basic Materials
• Industry: Other Industrial Metals & Mining
• Sub-Industry: N/A
• Current Symbol: LON:ADT1
• CIK: N/A
• Web: www.adriaticmetals.com
• Phone: 44 2079 930 066
• Fax: N/A
• Employees: 296
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Adriatic Metals: GBX 277
• High Price Target: GBX 277
• Low Price Target: GBX 277
• Potential Upside/Downside: -13.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Trailing Twelve Months): GBX (13.26)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 6.84
• P/E Growth: N/A
• Net Income: -£68.31 million
• Net Margins: -226.54%
• Pretax Margin: N/A
• Return on Equity: -48.31%
• Return on Assets: -6.80%

Debt

• Debt-to-Equity Ratio: 161.02
• Current Ratio: 0.42
• Quick Ratio: 23.92

Sales & Book Value

• Annual Sales: £27.59 million
• Price / Sales: 40.08
• Cash Flow: GBX 62.68 per share
• Price / Cash Flow: 5.11
• Book Value: GBX 38.24 per share
• Price / Book: 8.37

Miscellaneous

• Outstanding Shares: 345,509,000
• Free Float: N/A
• Market Cap: £1.11 billion
• Optionable: Not Optionable
• Beta: 1.12