Ann: Response to ASX Aware Query, page-98

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24/07/20

00:26

Post #: 46049571
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Originally posted by oldgold64: ↑

Well ,I have drawn my bow and shot my arrow. LJ set DMR right and gave it a life .At the time of the SLR merger, SLR was .45c PS . Today it sits at around $2.50 and needless to say, I'm a great beneficiary as I held a good stash of SLR shares at the time and still do.
A point every body seems to be missing is DCNs E/V to ounces produced per annum, it's about $1500.00.What that means is that if one person could buy DCN ,they would have a one off payment of $1500.00 per ounce produced per annum
and gain all future production.
The only other gold producer that comes close to that at the moment is RED 5 another unloved and undervalued GOLD PRODUCER.
Our top 3 gold producers ENTERPRISE VALUE TO OUNCES PRODUCED.
NCM. $25000.00
NST $ 16000.00
EVN $14000.00
AS ONE can plainly see ,there is plenty of room for a SP rerate and with only a quarter of production hedged for the next 3 years and Debt free by July 21 ,this is a calculated gamble worth taking. I hold a considerable amount of shares in DCN and will profit greatly if DCN can emulate SLR.
OH and by the way SLRs ENTERPRISE VALUE TO OUNCES PRODUCED sits at around $9000.00, so how high can DCNs
SP go.
GLTA , ALL THE WAY WITH L J

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Hey Mate just started following you gotta say love your posts and insight keep up the good work.

DCN Price at posting: 31.5¢ Sentiment: Hold Disclosure: Held
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Ann: Response to ASX Aware Query, page-98

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