Don't forget they'll get cash from the IPO of Weld Range. Anyway you look at it they're massively undervalued. I just wish the market would see it that way.
Something else I remembered from the conversation with PC. With regards to Chalice (someone mentioned that it now has a higher market cap than DRA - what a joke), the Koka project is a great project but pity about the location. If it was somewhere less volatile it would be a no brainer. However and I quote, "it will be very difficult to get funding for the project". Which a lot of us already knew however, it just highlights the fact. I still think it's a good deal. And what if the government had've opted in for their 30% and at what price? DRA would've ended up with a very paltry 13-14%.
DRA Price at posting:
82.0¢ Sentiment: Buy Disclosure: Held
