DCN 0.00% 28.5¢ dacian gold limited

Ann: Production Update and FY 2019 Guidance, page-108

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  1. 5,243 Posts.
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    Currently they exhibit an excessive share price valuation based on their revised AISC per ounce mined.

    The current valuation is based on their DFS, and on their estimated 2020 production and costs, and not on the revised AISC.

    You may want to buy at this price, provided you wish to hold through to 2021 or 2022, and that no further mining problems or downgrades occur. Like the great man says, patient investors are often rewarded (eventually).

    And you will need to trust their reporting, which in my humble opinion for 2019, has been problematic.

    I'd wait to the next financial year to see if they meet their lofty pronouncements. Estimates and Actuals often differ, though for the current DCN buyers, I'm hoping it differs to the upside in the next year, I honestly am. I'll keep an eye on the stock, and their stats.

    Gw
 
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Currently unlisted public company.

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