DCN 0.00% 28.5¢ dacian gold limited

Dacian rerated, page-104

  1. 822 Posts.
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    Back of the napkin: Well given the 25% decrease in production and 85% reconciliation of reserves, I will take off 30% off where the SP was roughly ($2.50, assuming it as past FV), which leaves us with say $1.75. Given that the rise in AISC has been almost completely offset by the coinciding rise in the gold price (+$350 give or take), I will not discount the SP further.
 
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