ADG 0.00% 0.4¢ adelong gold limited

169,700oz of GOLD, page-2

  1. 1,667 Posts.
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    @asx11, the $526.6M number you've mentioned in your post is worlds away from reality.

    The amount ADG paid for the Adelong mine & exploration tenements was $1.41M. Nothing has changed operationally since they acquired the mine & the SP has responded by going backwards.

    In terms of potential future production, perhaps have a look at ADG's preliminary scoping study:
    https://hotcopper.com.au/threads/ann-updated-scoping-study-substantial-improvement-shown.7055587/?post_id=64488946

    The indicated mine life is (5) years & they've estimated a potential future production of 81koz with a net cashflow (Before Tax) of $69M.

    https://hotcopper.com.au/data/attachments/5984/5984922-b3ff4e42924c012e45b7a23034ef0ee5.jpg
 
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