RUBBISH, page-2

Hi @midastouch0707, how's things?

The drilling much later in the year (i.e. 200-300 metres west of the old Perkings workings at Gibraltar & beneath the Adelong Creek) is what I'm interested in from a curiosity perspective. Perhaps we'll find out whether or not the Adelong Creek has progressively washed & worked truckloads of gold into the Wondalga shear deeps over the vast millenniums of times past.

I tend to agree with you about the amount of time that seems likely will pass by before ADG are in a position to start producing gold (assuming they get to the gold production stage). I also agree with you that Ian Hastings didn't seem to mention (in his recent Vlog) the $124.5M OPEX & $8.4M production CAPEX that ADG are anticipating will be associated with a production cashflow of $81M (before tax) over a 5 year life-of-mine period.



It's anyone's guess how much time will go by before ADG find the required $12M to commence plant upgrade works on site, however based on the amount of time that's already gone by I think your guesstimate of "17 months before any gold is poured" is quite reasonable.