DCN 0.00% 28.5¢ dacian gold limited

Ann: Response to ASX Aware Query, page-97

  1. 2,736 Posts.
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    Well ,I have drawn my bow and shot my arrow. LJ set DMR right and gave it a life .At the time of the SLR merger, SLR was .45c PS . Today it sits at around $2.50 and needless to say, I'm a great beneficiary as I held a good stash of SLR shares at the time and still do.
    A point every body seems to be missing is DCNs E/V to ounces produced per annum, it's about $1500.00.What that means is that if one person could buy DCN ,they would have a one off payment of $1500.00 per ounce produced per annum
    and gain all future production.
    The only other gold producer that comes close to that at the moment is RED 5 another unloved and undervalued GOLD PRODUCER.
    Our top 3 gold producers ENTERPRISE VALUE TO OUNCES PRODUCED.
    NCM. $25000.00
    NST $ 16000.00
    EVN $14000.00
    AS ONE can plainly see ,there is plenty of room for a SP rerate and with only a quarter of production hedged for the next 3 years and Debt free by July 21 ,this is a calculated gamble worth taking. I hold a considerable amount of shares in DCN and will profit greatly if DCN can emulate SLR.
    OH and by the way SLRs ENTERPRISE VALUE TO OUNCES PRODUCED sits at around $9000.00, so how high can DCNs
    SP go.
    GLTA , ALL THE WAY WITH L J
 
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