Potentially a friendly merger with Focus Minerals makes sense, or maybe even an outright sale. The ug potential underneath the current Jupiter open pit looks shot based on the latest drilling, so that could be an influence.
Focus acquired the Laverton Gold Project over a decade ago from acquiring Crescent Gold, and have some Resources within trucking distance to the Dacian mill (such as Beasley Creek).
The old Barnicoat mill at Laverton owned by Focus is probably shot as it's had no c&m for a decade. Dacians' biggest asset by far is their mill which is in a strategic position, and in an area where there is probably not a lot of spare milling capacity.
DCN Price at posting:
11.5¢ Sentiment: None Disclosure: Not Held
