So, gold is now at around $1040US/oz and looking like it is going north, not south. Dragon is an unhedged producer, currently producing 80000 oz per annum, and with clear plans to grow that over the short to medium term. It's full costs were at last count $580US/oz, so it is operating at a margin of say $460US/oz ($517A) per oz.
Net operating cash flow at current gold prices is presumably then around $41mA/annum.
The prospects for growth look good + exploration looks highly prospective.
And yet, the market cap is just $58m. I find that quite bizarre. There are junior goldies with no sales worth more than this on paper. What's going on???
this is ridiculously cheap
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add DRA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.95 |
Change
0.045(2.37%) |
Mkt cap ! $107.8M | |||
| Open | High | Low | Value | Volume |
| $1.94 | $1.95 | $1.94 | $51.36K | 26.46K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1110 | $1.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.03 | 5933 | 3 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| DRA (ASX) Chart |