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28.5¢ dacian gold limited

Potential DCN value?, page-30

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Pigeon Pair

774 Posts.

122

13/06/16

17:23

Post #: 18021045
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Originally posted by JandJ ↑

This is pure fancy - but fun.

Look at our m.cap $325m and we have anned 3mil oz. Granted that an increase is already factored in - what would our m. cap be with 5 mil oz? - 7m? - 10m ?? Mind boggles and this is just resource - more to come, much, more when production starts.

As a guide line, consider a block of ore 200m x 200m x 200 m at 5 grms per tonne.
That is (roughly) 20 grms or one oz per cu m. And that block is 8m cu. m.

Ha ha - this is not the sort of research you base an investment on - rather the sort that gives you a warm feeling on a Friday night.

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This Team got Avoca to $1b , Mt Morgans looks as good if not a better resource IMO so somewhere north of that for Market Cap would be very tasty. Avoca was also sold at the last gold peak so maybe lightning could strike twice - Dacian coming into production around the next peak ?

DCN Price at posting: $2.42 Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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