There is so much ill informed negativity permeating the DCN thread right now. Those who are most informed about everything give these anticipations:
![](https://hotcopper.com.au/attachments/screen-shot-2019-06-08-at-6-43-12-pm-png.1594728/?temp_hash=8bb83ca1e70d871cef7fa7b419e1cc24)
Based on these numbers DCN will achieve in (operating profit) AT LEAST $56,000,000 per year or $14,000,000 per quarter (assuming 160,000 ounces sold at $1,800 at an AISC of $1,450). Assuming cash is received upon sale they will have a cash flow from operations of around $288,000,000 per year. As you can see below, cash outflows not only include exploration and non-sustaining capital expenditure which either won't have to be, or won't be needed to the extent that they are now, over future quarters. Also, once they hit a steady state of infill drilled production, cash outflows per ounce are likely to decrease due to efficiency. So assuming cash outflows of $80M x 4 = $320M per year, DCN will be short $32M per year in cashflows assuming the lower end of production expectations and higher end of AISC is achieved. Considering they have at least $50M in cash by the end of this quarter, DCN can still be considered a going concern.
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![](https://hotcopper.com.au/attachments/screen-shot-2019-06-08-at-6-56-56-pm-png.1594770/?temp_hash=8bb83ca1e70d871cef7fa7b419e1cc24)
If the higher end of guidance is achieved, DCN will achieve roughly $81,000,000 in (operating profit) per year, and $324M in revenue per year.