ADG 0.00% 0.4¢ adelong gold limited

This is my attempt to predict the share price of DDD in the...

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    This is my attempt to predict the share price of DDD in the future with some logic to the madness. Feel free to comment on anything I've missed out on. The numbers were directly taken from the appendix 5B quarterly report 2021.
    https://hotcopper.com.au/data/attachments/4138/4138593-41940224c33c16e7cff3fdda3c15de29.jpg
    In short, I expect the price to be multiples of what it is now...

    The major risks are:
    1) Gold price, that's the reason the graph predicts DDD stocks price (A$) Vs. Gold price (US $).
    2) On average the Scoping study would be accurate to 35%‐ 40%. We need to wait till the end of May for the management to finalise the scoping study. But also, the quarterly report was based on mining only the existing measured andindicated resources which comprise only ~40% of the current JORC resources. So 40% accurate with 40% of the current JORC- essentially the uncertainty cancels out?
    3) Additional working capital of around $3M is assumed to start the project. Of course, DDD has to do a cap raise in the future to fund it.

    DYOR and this is just my point of view...
 
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