DVP 2.67% $2.19 develop global limited

Ann: Whim Creek Project - Update Potential Gold Targets, page-275

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  1. 262 Posts.
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    TCF
    As a long term holder you would understand that commodity prices were in the gutter from 2013 until late 2016. No base metal projects were getting financing or off the ground.

    The previous MD oversaw a complete re-engineering of the project to go open pit into u/g. We know the o/p has a very high grade component that they are drilling now. So these changes have added in the hundreds of millions to the value. So I don't agree with your opinion that management are useless.

    Zinc and copper are rising hence the project is getting more valuable and there is now a clear line of sight to development.

    The gold is a massive bonus if it's there. Time will tell and no one has commenced serious exploration yet eg drilling. DEG should know first what they have and that will inform VXR.

    So I think management have SS at the right stage at the right time & im sure they can handle gold exploration at the same time. Cheers
 
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