Beefarmer...
I think the difference between DRA and SLR is pretty simple and clear.
If you take the recent SLR preso and the DRA Feb presso you find that the one glaring issue is SLR has a JORC 1.5M oz Resource and talks about 5M oz more. Therefore profits rolling in for a few years yet. DRA does not have this very important item covered.
DRA is cutting it pretty close with the JORC resource base when compared to production. Take ZAZ as a perfect example of an investor wanting clarity of his cash-flow. I don't blame him for his concerns because it is justified.
This is IMHO why DRA is $60M and SLR is $200M.
DRA needs to:
1) Deliver a bumper profit mid year
2) Prove up 5-10yrs of Gold/Silver
For the record, from I have have read in their drilling results, I think DRA will deliver plenty of gold... There is still much risk in that bet. But considering they are in production and have delivered some excellent drill results, the risk is much lower and more manageable then 90% of the other little miners out there.
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Beefarmer... I think the difference between DRA and SLR is...
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