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33.3%

0.4¢ adelong gold limited

Hi @ad0, the current indicative Road Map suggests management...

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GravityWaves

1,653 Posts.

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31/10/22

15:57

Post #: 64502221
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Originally posted by ad0: ↑

It sounds like they intend for the scope within the scoping study to stand on its own two feet, based on their behaviour to date (not incorporating drilling results of the last two years, except for Caledonian), ie they aren't going to rework the scoping study with new resources. Drilling is essential, but I would think it would a secondary/parallel focus next to more mature studies/finance.

I don't dispute the need for more drilling, but are they really going to include it as part of the business case? Perhaps they will upgrade with more mature studies? Or perhaps they'll hold onto upgrades and release with other positive news.

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Hi @ad0, the current indicative Road Map suggests management intend to update resources sometime during 2023, but as with all things seen (and unforeseen) only time will tell.

ADG Price at posting: 0.8¢ Sentiment: None Disclosure: Held
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