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Vares numbers look positive for Adriatic

London-bound Adriatic Metals will need to find in the order of US$180 million to develop a zinc-silver-lead project in Bosnia & Herzegovina, with the metrics for the Vares project delivering attractive headline numbers in scoping work.

Michael Quinn
Scoping numbers for Vares in Bosnia & Herzegovina look very nice

Scoping numbers for Vares in Bosnia & Herzegovina look very nice

Those metrics include a post-tax net present value of $916 million (using an 8% discount rate), and an internal rate of return of 107%. Payable metal targets over the 800,000t per annum project's 14...

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