Its hard to compare producers to explorers as the capital requirements differ.
Dacian has a current profit of about 13 million which equates to 1.6 c/share x 20PE (gold mining av approx. 13) = 32 cents.
If the company cannot maintain a profit for the last quarter then it may be re-evaluated to 20 cents per share.
Time will tell is the U/G mining can produce 35000 + ounces to support the increased cost of mining.
LJ has been logical in placing a 2g/tonne cut off for the U/G mining IMO.
I do believe Dacian is in better hands with LJ, however the excuses provided in the last quarters report remind me of the previous reports prior to LJ's reign.
Quarterly cash flow reports would help as well as it is difficult to evaluate a companies performance off a graph.
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