I think the most relevant point in the DGO presentation was the expectation that finding costs will probably fall as drilling continues. DGO are all about finding gold for less than $20, finding quantities of it so that it is worth $100-$300, plus the leverage of gold in the ground to the gold price of 2:1 (their estimate). With two seats on the board and a pretty good stake, and their expectation of falling finding costs,I don’t see them selling out until that whole tenement looks like Swiss cheese.
I think the most relevant point in the DGO presentation was the...
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$1.18 |
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