Well this has ticked up nicely and I was fortunate to get what i was after around the 60 cent mark. Like others I thought about letting a few go, but thought I would do a quick check to see whether the current price still represented good value.
We we are now valued around 280 million inclusive of the existing 60m net debt. We also have visibility of fy20 guidance of 160 k ounces and the longer term plan. Given what has transpired I remain cautiously optimistic that these forecasts are conservative. AISC is on the higher side but they are making good margin at current prices and 40k ounces a quarter should take care of the debt in a reasonable amount of time .
In short I still see strong upside at cwurrent prices, and think the sp will continue its upward trajectory
DCN Price at posting:
$1.03 Sentiment: Hold Disclosure: Held
