DBO General Discussion, page-24

Well, IMO

The large selloff after IPO was people in AZL did not put value to Gold, Li was their prime target.
Hence a large proportion of DBO got sold off, and moved into AZL.

The free shares gave a profit at any SP, so SP got decimated.

When there is such a sell off, SP will fall.

Current scenario:

# Now most free holders will have got rid of their shares.
# Drilling has commenced
# Larger entities realise the potential of what DBO could bring to the table
# DBO has 76 Million shares only
# 6 Million in the bank
# 3 Great projects
# Mining friendly country
# AU + AG + Cu present
# Geology / age similar to surrounding projects with proven resources


Now instead of 76 Mill shares I will disadvantage us by 25% and use 100 Mill total shares.

1 Moz = Usd $1 Billion profit = USD $10 per share (AUD $14)
2 Moz = Usd $2 Billion profit = USD $20 per share (AUD $28)
3 Moz = Usd $3 Billion profit = USD $30 per share (AUD $36)

I am not even adding the potential $$$ from Ag & Cu

The multi bagger potential is great, hence big money will / has started coming in.

2 ways to look at it.
Right now, higher risk = massive multibagger potential
Wait for good news, safer, but less bags to take home.

My strategy paid has paid of well with DEG at 8.5c, AZL at 1.1c, SYA at 3c, JRL at $1.80

All depends upon your risk taking capacity, and what you are comfortable with.

I reckon in time even $5 per share will seem cheap. DYOR

GLTAH