It is important to consider that initial production will be from processing mullock heaps. So no mining required. I would assume that there is only a short haulage distance required. Estimate of over 10 M dollars in gold just in the mullock heaps.
DDD have a mining licence in place for the challenger and challenger extended. Balance of tenements have exploration licences.
The CR may be done just to focus on getting the mill operating. No point in trying to prove up extra resource as the modest resource they have is more than enough.
I am thinking that DDD have secrued the funds to get the mill up and running. If this is the case, then we will see production by end of 2021 easily.
To me, this would be the logical sequence of events.
- Forums
- ASX - By Stock
- ADG
- CR, gold production and drilling.
CR, gold production and drilling., page-11
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ADG (ASX) to my watchlist
|
|||||
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.589M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $2.5K | 500K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 17386857 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 2711331 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
26 | 17386857 | 0.004 |
34 | 30759719 | 0.003 |
8 | 39700000 | 0.002 |
10 | 88555000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 2711331 | 5 |
0.006 | 9161000 | 9 |
0.007 | 8853301 | 9 |
0.008 | 10709612 | 8 |
0.009 | 6655712 | 7 |
Last trade - 13.34pm 03/09/2024 (20 minute delay) ? |
Featured News
ADG (ASX) Chart |