DCN 0.00% 28.5¢ dacian gold limited

679,000 ounces at 1.57 grams per tonne gold at 0.5 g/t cut-off...

  1. 34 Posts.
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    679,000 ounces at 1.57 grams per tonne gold at 0.5 g/t cut-off grade, 100 km to the processing plant does not look like a "decent gold resource". But DCN does not have too many options as they are running out of ore (Lithos just highlighted that), by the looks of it. Yes, there is high-grade 141,000oz at 4.9gpt gold but once you take them out, the average grade will decrease dramatically.

    They say, however, "NTM has an exploration target for Redcliffe of 1.4-2.2Moz, including the existing resource" - it is still to be found/proven. Drill rigs will be working hard.

    Just my 5 cents.
 
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