some calculations

Hey all,

Just did some number crunching form the investor presentation.

Ok I think my calculation is exact, but please correct me if I am wrong!

980 ounces of gold dore produced from 60,000 tonnes throughputs..

1 ounce = 28.4 grams

980 oz x 28.4 grams = 27,832 grams produced from 60,000 tonnes throughput.

27,600 grams divide by 60,000 tonnes of ore = 0.46 gram for every tonne of ore through the mill.

If my calculations are correct it means recovery 0.46 g/t comparing with Adamus cost per ounce to produce is $544 at recovery of 1.89 g/t

IMO cost per ounce to produce would be in the order of $1000
During ramp up....

Like I said please correct me if I have these numbers wrong