Considering the history of some past owners of the Adelong mine (e.g. Adelong Consolidated Gold Mines / Golden Cross Resources / Tasman Goldfields Limited), DDD would need to announce a couple of miracles for the SP needle to move up by a cent or two...
DDD miracle no.1...project funding DDD miracle no.2...regulatory approval for open pit mining
In regard to funding, an announcement something similar to the one announced by Tasman Goldfields on 13/07/09 (refer below) which is probably a comparable guide for some of the costs involved in mine development at Adelong (note: Tasman Goldfields bought the Adelong mine from Golden Cross Resources in April 2007 & the purchase included mining & exploration tenements as well as plant and equipment).
DDD Price at posting:
0.3¢ Sentiment: None Disclosure: Held
