2 great news announcements for Gold producers that the market may have missed this morning.
RMS - 20m @ 645g/t and 7m @ 1,271 g/t!
RMS already produces 200k oz a year with a market cap of only about $210 million!
DCN - Reaffirms production guidance of 180k - 210koz p.a.
The market had been concerned that DCN wouldn't meet its production guidance, this was evident in the chart..
Today's news should do well to de-risk the project and anything near the $2 range would be a good buy.
DCN could potentially be a 300koz p.a. Gold mine as 200koz guidance is being met just in the ramp up phase.
Short Term Trading Week Starting: 10 Dec, page-6
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