Just wondering have any of our regulars looked at or invested in Dragon Mining DRA.
MC 60m
Producing 80k oz and ramping to 100k by 2011.
Making $42m prior to tax.
Mines based in Sweden/Finnland
Seems way under valued.
What would we think MCO will be worth when producing 80koz
80k x (AUD 1170 -200) = 74m
MC = 74m X 10? = 740m SP ~ 3.50
DRA looks very very cheap. What am I missing???
are we going to have to wait for qtrly for new, page-7
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