DRK
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0.00% 1.2¢ drake resources limited

buyers wanted, page-6

  1. Squadger
    1,094 Posts.
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    16/07/11
    17:57
    Post #: 8684587
    Agreed Opalcocky,Coggs. The way I try to look at it is,

    AMX exploring in BF currently has an MC=$433M (SP $2.05) and resources 2.2M Oz so its Market Cap per Resource Oz, MC/Res Oz, is 186.

    DRK( in nearby Mauritania) has a MC of $24M (SP $0.385). So if we accept that the MC/Res Oz will be similar, this says the markets estimate of its resources is 24/186= 0.129M Oz.

    This is a very low market expectation, given its location rel to Kinross and GRY that you mentioned, and the new Samekouta exploration permits in Senegal.
    DRK Price at posting: 38.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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