DRA must be very close to producing $10mA per quarter in net operational cash flow !! I note that they are still confident of producing 80000 oz in calendar 2009, which means averaging 22000 oz for the current and next quarters. Cash operating costs were $580US/oz in the June quarter, so you would think with a lift in production, those costs should come down. If US$ gold averages $960 for the current quarter, and with their final 1750 oz sold to clear the hedged sales, they must be on target to produce say $8mUS in net operational cash flow this quarter, and being fully unhedged, say $9mUS the following quarter. That, given their resources, exploration potential,and liquid assets, makes their current market cap of $65m seem a bit odd. It's a function, I guess, of where one sees US$ gold heading. If you think it's heading higher, then this stock is ridiculously cheap; if back to say $700US/oz, then, it's still probably cheap. Probably becomes marginal at about $600US/oz. Frankly, I do not see that happening.
- Forums
- ASX - By Stock
- DRA
- $10m per quarter net operational cash flow
$10m per quarter net operational cash flow
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DRA (ASX) to my watchlist
(20min delay)
|
|||||
Last
$2.02 |
Change
0.040(2.02%) |
Mkt cap ! $111.9M |
Open | High | Low | Value | Volume |
$2.02 | $2.02 | $2.02 | $12 | 6 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | $1.88 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.20 | 16 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 1.875 |
1 | 500 | 1.870 |
1 | 9750 | 1.855 |
1 | 556 | 1.800 |
2 | 945 | 1.600 |
Price($) | Vol. | No. |
---|---|---|
2.200 | 16 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 13.11pm 16/08/2024 (20 minute delay) ? |
Featured News
DRA (ASX) Chart |