ADG 0.00% 0.4¢ adelong gold limited

@asx11, the 169,700oz resource is nothing more than a...

  1. 1,654 Posts.
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    @asx11, the 169,700oz resource is nothing more than a 'guesstimate' based on drilling results. They obviously won't know how much gold their resource guesstimate actually contains until they produce physical gold & sell it.

    As I've said before, forget about multiplying the resource guesstimate by the gold price. Your calculation is fantasizing that ADG have actually measured 167,000 oz in the ground & that somehow their resource guesstimate it's going to magically materialize as gold bars that are ready to sell to the Market.

    The reasons for your calculation are nonsense.
    Last edited by GravityWaves: 26/02/24
 
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