Whilst i think BLK is at fair value atm and think will take of over the next few months to double from here by Dec/Jan, but just feel when comparing MC ie.$50m difference today, when considering production and earnings in next 6 months emphasises DRM looks really cheap;
DRM current MC $293m; $40m cash/$80m debt, first 6 months of FY17 should see 72,000 ounces produced, margins $600-700p/oz bolstering approx additional cashflow of $50m....
BLK current MC $243m; $32m cash/$29m debt, first 6 months of FY17 should see 25,000 ounces produced, margins at best $580p/oz bolstering approx additional cashflow of $14m....
Similar FY17 guidance producers MC with less margins per ounce; BDR $527m, RMS $317m, SLR $337m....
DRM Price at posting:
90.0¢ Sentiment: None Disclosure: Held
