ADG 0.00% 0.4¢ adelong gold limited

Ann: 2021 Quarterly Activities Report & Appendix 5B, page-14

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    Yo-yo yes you have, it’s a scope study and not accurate within 20-25% that’s a reasonable level of added sensitivity that changes the numbers so run your numbers again at a higher estimated cost of production and lower price and recoveries, they are provided in the scope for a reason.
    The timeline has already blown out by a year and it maybe another year depending on how much time permitting of the open pit might take. So you’ve missed the additional SOI to raise cash which could blow out to 6 billion from its current level. I’m not sure what additional funds the state government might want for mine closure i think there was $250k in bond when this deal was picked up but that was for a small on surface footprint underground mine an open pit will be very different.
 
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