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5.88% 1.8¢ dreadnought resources ltd

Ann: Initial High-Grade Gold Resource at Metzke's Find, page-17

  1. HeliosUK
    2,480 Posts.
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    27/04/23
    08:58
    Post #: 67472133
    I've been watching this for while, not yet entered

    Remember, $2000 USD/oz all very well but what's the opex per ounce... Need to deduct that

    15koz comes to $30m USD but if at a mine assume half that to mine and refine. $15m USD so $20m aud value if mined

    $200/oz in ground value is a common ball park used, but agree it's high g/t so maybe up that. I'm with @Cpago55 that this should add about $2-3m to market cap

    Sentiment - Not held, not a buy on this news but overall approaching under valued vs market
    Last edited by HeliosUK: 27/04/23
    DRE Price at posting: 6.2¢ Sentiment: Buy Disclosure: Not Held
    Likes Created with Sketch. 15  Upvote
    lightbulb Created with Sketch.  Great analysis
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