"This is a perfect project for a junior and will only get better and bigger as the gold price increases and they keep drilling to increase resources and mine life".
@maxcap200, probably best not to make ANY assumptions / correlations about an increasing POG & project success. An example that comes to mind is WMC (a junior gold producer with big production hopes & dreams who delivered plenty of positive drilling assays, had Ore Reserves of more than (1.4) Million ounces, countless CR's, a project loan of US$42M, a massive increase in the POG, a plant upgrade, active mining...& all of that still didn't prevent them from going into Administration). They just didn't produce enough gold & their production AISC was persistently way too high (even though the POG was reaching record high's for a couple of years).
Back to ADG, their survival depends on funding (i.e. future CR's & a substantial project loan), spectacular drilling assays to entice a bit of Market enthusiasm, how much gold they produce (if they ever get to that stage) as well as the associated operational / production costs. I doubt there will ever be a time when funding considerations can be put aside.
I'm all for ADG getting on with lots of drilling throughout 2023. The BOM are forecasting a much drier than average Autumn / Winter season for most of the Australia East region & there's a reasonably good chance ADG will have favourable weather & plenty of opportunities to lift their game & drill expeditiously (i.e. multiple drilling rigs). No doubt cash constraints will determine how much drilling they achieve during this years Autumn / Winter period.
- Forums
- ASX - By Stock
- ADG in 2023
"This is a perfect project for a junior and will only get better...
-
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ADG (ASX) to my watchlist
|
|||||
Last
0.6¢ |
Change
-0.001(8.33%) |
Mkt cap ! $6.148M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.6¢ | $7.363K | 1.326M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 29735311 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 4657759 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
26 | 29735311 | 0.005 |
22 | 24195337 | 0.004 |
35 | 33224719 | 0.003 |
8 | 38850000 | 0.002 |
9 | 76805000 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 4657759 | 6 |
0.007 | 6811634 | 11 |
0.008 | 5505196 | 15 |
0.009 | 3304110 | 6 |
0.010 | 4522185 | 9 |
Last trade - 14.26pm 12/07/2024 (20 minute delay) ? |
Featured News
ADG (ASX) Chart |