DCN 0.00% 28.5¢ dacian gold limited

Ann: Suspension from Official Quotation, page-229

  1. 5,195 Posts.
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    So what DCN will probably have is a shunting of reserve ounces down into Indicated, and Indicateddown into Inferred, and some of the Inferred thrown out the door as possibly not worth following up.

    There will be a smaller amount of resource, but at a greater confidence level, and possibly a slightly higher grade. The annual production will be lower.

    This will be the base from which the new guys work, from which they will reset.

    The AISC is too high, because they are mining ounces that are unprofitable at the grade. These should be excluded in the reset.

    New drilling targets and programs can then be created based on a more realistic set of parameters.

    The stock price will take care of itself.
    When the news is released, it will go down, then get a small bounce, and then level off, and that will become the new median value.

    Gw
 
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