DRAGON ANNUAL REPORT
Produced in 2019
25,958 ounces for $53,100,000
this is equivalent to $2045 per ounce $6.3 million profit ( Includes at $1.8 million rehabilitation)
lets work on todays Aussie Gold Prices of $2698
Same ounces produced ( test mining in Faboliden coming still to come this year) = $70 million
This same formula will give Dragon a profit of roughly $23 million dollars
Once Faboliden becomes full scale- Then the moving target is the ounces produced and ofcourse up or down the gold price
Local Economy- This sector will be good for the local economy- will provide secure jobs- will provide spending which will enhance one of the few areas in the world that will be productive.
It looks on the balance sheet we have more cash than debt- we have upgraded ounces- longer life
Current market cap of 284.62 million - using the 4.64 to the dollar is Aussie currency - we have a market cap of $61.3 million
There are many question relating to what should the Pe ratio should be
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