ADG's resource isn't worth much buried in the ground...

ADG's resource isn't worth much buried in the ground @CJTJ.

There's a reason why the previous mine owners sold off their Adelong assets : the gold in the ground didn't create any of the lucrative cash they were dreaming about.

Looking at ADG's Prelim Scoping Study it mentions that it's "based on lower-level technical & preliminary economic assessments & is insufficient to support estimation of Ore Reserves Reserves..." (i.e. the small portion of the overall resource that might be deemed economically viable for extraction in the future), however ADG do have a cash chasm of $12M+ that they need to navigate & traverse before any cash from gold sales can materialise.