I was hoping to stop posting on this thread but you've missed the point of my post so badly.
In every exploration company the investor (shareholders) will know a lot less than the people running the exploration. CHN have a proven track record of purchasing assets, developing them and selling them for more than they've paid (see slide 20 of their recent presentation). You don't get $46 million dropping onto your balance sheet because your lucky. I am investing in management with a proven record and a very strong balance sheet and a very attractive EV for an explorer of near zero. The company doesn't have the risk of needing to be profitable to dig itself out of a self created hole, like DRM. DRM needs to perform, CHN doesn't, it can fail quite a number of times before the situation gets dire for it. DRM have one shot left in the barrel before they join the likes of BDR.
Let the race start before you get too cocky. Esh
DRM Price at posting:
26.0¢ Sentiment: None Disclosure: Not Held
