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28.5¢ dacian gold limited

Merger Dacian & NMT - Discuss: Good idea or not?, page-33

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Goldfarm

4,531 Posts.

283

01/01/21

09:42

Post #: 49892734
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Originally posted by Isladar: ↑

investors are waking up now Greenflint.
I certainly have. Reading between the lines, as soon as ore comes from Redcliffe, ( cheap opencast mining) the grade at the mill doubles.
This then enables output to double, how long this goes on depends on extensions of high grade ore.

Which would mean production of 200,000 ozs a year, for at lest one year and in this period cash costs plummenting.
In a nutshell, a newly reformed Dacian, to my limited knowledge, would bacially be printing money.

Which if I am right, makes Dacians price right now, dirt cheap!

Risk here is merger does not go ahead, because NTM gets better offer.
Reading between the lines, I can not determine, when is this merger unconditional ??????

Hence I hold 25% Dacian and 75% NTM Gold.

P.S Another scenaro is once merged, 300-400 milion dollars, for unlimited resources and a processing plant, with steady-state throughput of 2.9Mtpa, is a cheap takeover target and as we know there are a lot of cashed up suitors.

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I agree a big 2021 coming up for DCN. Named in today's Aussie as one of the worst performing Gold stocks in 2020.

That's fine with me. Plenty of room to run.

And gold futures finished above $US1900 for the year. Great finish. On the rebound.

DCN Price at posting: 41.0¢ Sentiment: Buy Disclosure: Held
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