ADG 0.00% 0.6¢ adelong gold limited

Ann: High Grade Results at Caledonian Deposit, page-101

  1. 1,689 Posts.
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    @LizzyBee, is there anything specific in ASX announcements over the past (9) months that makes you think the production timetable is near enough to plan?

    As far as I'm aware DDD have completed a few modest drilling campaigns & the scoping study is yet to be finalised. Anything to do with a production timetable (i.e. status of government approvals, project finance, EPC contracts, start date on site, major plant upgrade, open pit mine development, processing, refining etc.) is an 'unknown-unknown' at this stage.

    If you're using the DDD Dec'21 marketing presentation (Road Map) to fuel your production expectations, it's the disclaimer page that's the most relevant to company expectations & forward-looking statements....

    https://hotcopper.com.au/data/attachments/4422/4422625-1b6f2d8797b30abdd031344d1f04a1ce.jpg

    The below extract (from a recent cap raise in a different specie) spells out some really good points about regulatory approvals...

    https://hotcopper.com.au/data/attachments/4422/4422572-21e84624356cf213dd3c0174922920ca.jpg

    You can compare the above extract with the regulatory approvals info that DDD included in their scoping study (Part 1) last year...

    https://hotcopper.com.au/data/attachments/4422/4422612-da379a69563977c9ae56faeded7c49ab.jpg
    https://hotcopper.com.au/data/attachments/4422/4422666-85db7b7eab7f78ee98fe12a8fb0b8436.jpg

    These things take time and for a variety of reasons, it usually becomes increasingly difficult to deliver a working gold mine project during a stormy economic climate.
    Last edited by GravityWaves: 11/06/22
 
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