5 advanced properties with NI 43-101 resources of 1.7 MM oz. of gold

Recent Drill Results: 2.03 g/T over 106.8 metres, including 2.81 g/T over 72.9 metres

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Message: first for ADA

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CrashLanding

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Re: first for ADA

in response to first for ADA by drilling3

posted on Oct 28, 07 07:38AM

I agree that ADA is stuck in neutral, but not because of pending drilling results.

I think that ADA is stuck in neutral because the market wants to see what kind of cashflow it can spin off now that it is in production. I think that this is going to take until next spring. The latest quarter is not going to provide a good indication to the market because it was in a commissioning phase for the better part of the quarter. The next two quarters will provide a better indication.

Once the market can evaluate the cash flow numbers, they can get a better handle on how much money the company will have to invest in new projects, buy back stock. etc. I think that buying back stock is important to the market because that last $20 - $25 million private palcement that was done was not looked on too favourably by most shareholders.

I think that this could easily be a $3 - $5 stock within the next 12 to 24 motnhs, but that's only my gut feeling. At this point, I don't think that the market is attirbuting too much value to ADA's gold properties.

GLTA

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