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...
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....
Hi @yoyokhesh, in regard to your point (3), the $3M working...
Add ADG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.4¢ |
Change
0.001(14.3%) |
Mkt cap ! $4.322M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $127 | 31.65K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 25588059 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 17882982 | 16 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
|
|||||
|
Last
0.4¢ |
Change
0.001 ( 0.00 %) |
||||
| Open | High | Low | Volume | ||
| 0.4¢ | 0.4¢ | 0.4¢ | 1000000 | ||
| Last updated 15.09pm 10/05/2024 ? | |||||
| ADG (ASX) Chart |