am i too late to the party?, page-7

I like to think that the actions that management have been taking over the past few years will start to take shape and maybe there might be some positive momentum ... maybe not past $2

With no speculative (mt weld) projects, even if I am supremely optimistic i can't see the share price climbing past $2.40

60k oz per annum at maybe 800/oz long term with a long term gold price of say 1300/0z ?

thats about 30m per year and DRA seems to have always been trading on a multiple of 3 times earnings... so perhaps 90m market cap +cash... 115m...

which is around where they are trading now...

So i would say...

if you believe better times lie ahead you aren't too late to the party

if you believe that things will stay the same then you probably are too late to the party


SO I would say...