So without CHN we are still approaching 1million oz, however with CHN taken away we would have $16mill of added value.
Not sure if it includes the recent resource upgrade either. Will have a closer look tonight.
What we do need to do is upgrade resources into measured reserves by drilling more holes into the known areas. I have been told this will cost approx $8-10mill to increase the measured reserves to 5 yrs + ie 2014.
Still many companies such as SLR need to do this as well, so there is still no fundamental reason that DRA is trading so low. Still very confident that 12c is very close by and 16-30c next year after as production rates increase and reserves get drilled up.
DRA Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held
