It is obvious that the mine quality is not the best. However so long as the management can operate the mines properly (jury is still out) then it comes down to GP. At this juncture, if GP is at A$2,800 I would think that DCN SP will not be hovering the 20c mark.
Short-term sentiment on GP is weak and that explains the downward spiral of the whole PM sector and not just DCN.
DCN Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
