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Adamera Minerals Corp V.ADZ

Alternate Symbol(s):  DDNFF

Adamera Minerals Corp. is an exploration stage company, which is engaged in the acquisition and exploration of precious metals. Its projects include Cooke Mountain Project, Buckhorn-2, Empire Creek Project, Flag Hill Mine Project, Talisman Historic Copper-Silver Mine, and Hedley Project. The Cooke Mountain project includes the Goodfoot, Lamefoot South, Overlook, Oversight, Lambert Creek and the HLK claims. It holds a 100% interest in the Buckhorn Project. The project area located in Northeast Washington state covers 9100 acres and extends more than 10 kilometers to the Canadian-USA border, along the western margin of the Torada Graben. The Empire Creek property is located on the western margin of the Republic Graben 6km south of the K2 Mine which produced over one million ounces of gold and 15km north of the Republic gold district. The Hedley project area covers approximately 154 square kilometers of prospective land. It also has the rights to explore the Flag Hill South gold property.


TSXV:ADZ - Post by User

Bullboard Posts
Comment by JamesEbischon Feb 16, 2015 11:58am
124 Views
Post# 23433283

RE:Hypothetical Question?

RE:Hypothetical Question?Regarding the value of 500,000 ounces of gold in the ground, there are many variables in valuation. However, given the proximity of Adamera projects to an existing mill (virtually no capital cost for Adamera) that needs additional ore soon to keep going, the relatively high gold grades from the Republic Graben, and most importantly, the grades that occurred at the Overlook Mine immediately adjacent to Oversight Project, it is my opinion that we could expect a fair share price of $1.00 Canadian minimum to as much as $1.25 Canadian (which means an in-ground value of about $100 to $130 per ounce gold) if it can be proven that 500,000 ounces exists at Oversight with grades as good as or better than those documented at the adjacent historic Overlook Mine. This is not moose pasture in the far north. This $100-130 per ounce in-ground value that I propose is a bit high for industry standards, but Adamera has a nearby mill, an existing haul road, documented high-grade intercepts on the Oversight property from previous work, stratigraphy and mineralization very similar to that at the Overlook Mine, and minimal holding costs in a well-established mining district. AND, this discovery possibility at Oversight is well-supported by the recent news release about the historic drill results at Oversight from Echo Bay drilling roughly two decades ago. Those drill results, if you look at the Adamera website, suggest that the mineralization is open-ended to the east on the Adamera property, and that it could be a bit better grade in the postulated fold hinge. The grades that were encountered in that historic drilling were quite robust, but it is my opinion that Echo Bay did not pursue them at the time because of gold price about $350 per ounce. At $1200-1330 per ounce, things look much better. Finally, the other properties that Adamera holds near Republic are also more attractive now than they were two decades ago simply because of the gold price. Obviously, I am long on Adamera stock, and if it even goes to only $0.25 per share, many of us will do quite well on stock that can currently be bought for one-fifth that price. However, all of the preceding information is only an informed opinion, although it is backed by many years of investing in junior exploration companies. Good luck to Adamera.
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