I think that is a very valid point Col. However, the facts are, they have spent an awful lot of capital on exploring their ground and not really being able to value add to the business. Hence their T/O of DGO and their pivot to DEG. I guess I am just saying that a bit of prudence on their part (slight reduction in their spend), or perhaps, creating some J/V with others that have more prospective dirt would be a better option than just more of the same. Reduce it to $15m a year, and boost the dividend by $10m...
Good luck to all holders.
GOR Price at posting:
$1.33 Sentiment: Hold Disclosure: Not Held
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