General comments/chat, page-3535

Priced in ... I disagree ... you only need to look at the share price of GOR in January 2015 when their Scoping Study was released ... around $0.35. That is essentially 35% of their "in-production" share price with pouring of first gold at $0.99.

At this point in time they they had an AUD $621M mine to build ( final capital cost following feasibility and their share at $284M ). In 2015 they didn't have finance. They had feasibility studies to complete. They didn't have approvals.

Given growth ahead from all the revenue streams, I think there are reasonable prospects of a share price of $0.30+ within 18 months.

https://hotcopper.com.au/posts/39715963/single

I certainly think $0.10+ after the scoping study and $0.15 to $0.20 once mining approval has been achieved. You've only got to look at the volumes to see sentiment is pretty strong for ADN.


GOR was 4.5 years between Scoping Study and first gold.

ADN could reasonably be assumed to be producing by the end of 2020 ... such a low capital intensity path to very strong cashflows ( you've only got to look at the proposed flowsheet to see that ).