DCN 0.00% 28.5¢ dacian gold limited

Ann: Cameron Well Confirmed as a Significant New Discovery, page-5

  1. 872 Posts.
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    I did my own estimate on the aircore results at Cameron Well a few weeks ago and got 270 koz (grade unknown) at 0.5 g/t cut off under about 55 million tones of waste. That was only for the central highest grade part of the oxide resource and didn't include much stuff outside of the syentie to the east.

    I don't think the oxide reserves will be earth shattering but if they can add it to the expanded PFS for Mount Morgan's and get a total 2 million Oz reserve then the SP should move close to $5 if gold stays around $1700 IMO.

    If they latch onto a large bedrock ore body at Cameron Well then its anyone's guess.
 
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