25koz p.a....sounds a bit similar to the 32koz p.a. that Tasman Goldfields were spruiking way back in 2009 when Tasman owned the Adelong mine....big production hopes & dreams but ended up selling the mine after a few years for a modest $1.75M to Macquarie Gold.
If GDM / ADG ever find they've got $25M+ to throw at a plant expansion upgrade that might achieve 40+ tph throughput plus the additional cash required to support underground mining at 250+ metres below surface (where the higher grades might be) as well as the necessary drilling to find new resources & also convert existing inferred resources to indicated or measured, perhaps they might get there.
Time will tell if GDM's 15k - 25koz p.a. production ambitions are solid (gold), or more like Tasman Goldfields (i.e. sounded good but didn't deliver on their lofty production expectations for one reason or another).
ADG Price at posting:
0.6¢ Sentiment: None Disclosure: Held
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