"good annoucement" Steve? Try "great annoucement": IMO I think when people have a chance to absorb the news they will work out that the NPV of Anduramba may (underline; usual caveats etc) increase substantially. At last count we had Anduramba at $172mm NPV: the northern extensions are similarly high grade as the central core, so its just a matter of scale really. Using a rough piece of crayon, my estimates are that Anduramba's NPV will increase to around $210mm (ish; +/- $5mm).
The only problem is the discount of SP to EV. Once the market settles (which could take a bit longer, based on W/Street last night) I think the discount will return to "normal" and we'll see mid-30's again on DGR before you have a chance to blink.
Best regards Kit (PS: Hope you all like my new signature pic - a real likeness of me!)...
DGR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
