followme...I have been following DRA recently. It may be of...

followme...I have been following DRA recently. It may be of interest. It is a gold producer with mines in Scandinavia, producing 80000 oz per annum. The best summary is on their website, with the research report by GreenLeader of a few months ago, which valued the stock at 18c. It is trading between 7 and 8c at the moment. Personally, I value it closer to 35c (about $250m), and with some significant upside from there. It is producing annualised operating net cash flow of between $35mA and $40m according to the back of my envelope, so even 35c is cheap, if one has a bullish view about POG, and reasonable expectations on their exploration.

There has been a lot of selling of late pushing the price down. It is difficult to know why. Nothing which has been reported looks unsavoury. I suspect some stale bulls...who knows?

I have been accumulating at these prices.

It also has quite a decent exploration programme.

I also like SLR.