Not betting against this proposition Esh....perhaps we can get...

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gungadin

2,055 Posts.

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19/01/18

14:04

Post #: 30417481
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Originally posted by eshmun ↑

There is only one Tribune (TBR). Been mining one of the highest grade best quality gold mines in Australia at Kundana for near on 17 years. Shares are practically backed by gold bullion from the mine stored at the Perth Mint. TBR has ~50M shares on issue and trades at about $7.00 with a market cap of ~$350million, has at least 5 years of mining left, probably more like 10 years with a potential new mine in Africa. DRG's value at ~$100 million based on a some drill results from the "Tribune" lode gives you an idea about how out of kilter comparative valuations can get. DRG is ridiculously overvalued compared to the real Tribune and also over valued compared to AOP. In the long term facts prevail. In the short term facts lie. With the cash AOP hold, the royalty on Segeula, the Cote D'Ivoire tenements on a very hot gold trend, plus the new 161 lode discovery plus surrounding prospects at Rebecca, AOP is so undervalued compared to DRG it's not even funny.

We will see in the end but if you want to let AOP and DRG loose onto a race track over the next year I'll take AOP any day of the week.

Let's start the race today.

18/1/2018

AOP closed at 27cents

DRG closed at 26cents

See you on 18/1/2019

No contest. Esh

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Not betting against this proposition Esh....perhaps we can get Tolga to put some dosh in for a wager on the race ?

AOP Price at posting: 26.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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