Ann: Hub Deposit Extends with More High Grades at Depth, page-47

Happy new year and happy hunting folks. (posted on Dacian site) This merger has got me excited, I have been searching for a reason why I got it wrong, can find none, except a risk to Dacian that NTM Gold get a better offer.

Reading between the lines, as soon as ore comes from Redcliffe, ( cheap opencast mining) the grade at the mill doubles.
This then enables output to double, how long this goes on depends on extensions of high grade ore.

Which would mean production of 200,000 ozs a year, for at lest one year and in this period cash costs plummenting.
In a nutshell, a newly reformed Dacian, to my limited knowledge, would bacially be printing money.

Which if I am right, makes Dacians price right now, dirt cheap!

Risk here is merger does not go ahead, because NTM gets better offer.
Reading between the lines, I can not determine, when is this merger unconditional ??????

Hence I hold 25% Dacian and 75% NTM Gold.

P.S Another scenaro is once merged, 300-400 milion dollars, for unlimited resources and a processing plant, with steady-state throughput of 2.9Mtpa, is a cheap takeover target and as we know there are a lot of cashed up suitors.