Perhaps it is LJ strategy to build up as much resource/reserve...

Perhaps it is LJ strategy to build up as much resource/reserve as possible given the current climate of speculating frenzy going on in the gold space and especially in the exploration space.

Exploration will serve a few purposes:
1) Obviously extending the mine life should boost the share price.
2) Feed into the current market frenzy i.e. any discovered gold is now treated like as if the gold is produced! Again this will boost the share price.
3) Operationally, the mining and processing does not have to go as hard to produce the required gold.
4) Given the expected high future gold price, the delaying of mining of gold will only serve to increase valuation of DCN since the gold in the ground is likely to follow the gold spot price as well.

Clearly if the above is the strategy then DCN is no longer going to be a quick turnaround stock. This is going to be a slow and steady as it comes kind of stock and a lot of patience will be needed (given the number of share holders who had been burnt by DCN).

The upcoming resource/reserve report will be the one to watch.