ADG 11.1% 0.5¢ adelong gold limited

3D Share Price, page-31

  1. 1,722 Posts.
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    Hi @yoyokhesh, in regard to your point (3), the $3M working capital is additional funds required after $11M is spent upgrading the plant.

    So, the funds needed to start the project (i.e start mining & processing) is more like $14m - $15m as per the commentary on page (1) of the ASX announcement dated 18/11/21...

    https://hotcopper.com.au/data/attachments/4139/4139032-d6d3459252674718bb42ed5d1a75c90a.jpg

    As far as I can see, the biggest risk factors appear to be the government approvals. Adelong will remain a 'drill only' project until all the necessary government approvals have been obtained and $15M+ in project funding has been secured....

    https://hotcopper.com.au/data/attachments/4139/4139142-97ff0f43c3482cfcec03c0301188fa78.jpg
    https://hotcopper.com.au/data/attachments/4139/4139145-d19723951d949c86a1923ee5cc5dfc58.jpg
 
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