Another thing overlooked is their expected sales price.
$US1,850 is high. I have provided a graph of the past 12 months to show how rare it is we are actually above that line (i.e, making money).
Now, if you want to argue that gold will trend above that line sure, go for it, however I don't think anyone can point to anything concrete that indicates this.
On top of that, things aren't getting done. Scoping study broken into two parts, cosmo still not happening, timelines way blown out. Not sure how much covid derailed vs management fumbled, but end result is the same. Lots of reasons DDD ain't getting the love.
NOTE: I am a holder because I believe there is a small but real chance of gold going higher, making this a high risk high reward. I am also down considerably on my small allocation.
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Another thing overlooked is their expected sales price. $US1,850...
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