Good times are ahead for Dragon.
Dragon is now unhedged (previously $400 ouch)and ready to benefit from selling at spot prices, currently $1160+ and looking bullish.
It looks as though recent major sellers who benefited during the worst of the GFC(1.5c-2c buyers) and the rearranging of the top holders has now settled down. Very encouraging looking at recent Top 20 holders stabilising.
December qtr average Euro/USD 1.46 costs were US$637
March qtr average Euro/USD 1.40 so expect costs to be announced in next quarterly to be US$607.
Currently we have Euro/USD 1.35 which would work out to be $US 589!!!!
75,000 ounces projected to be produced in 2010.
At current figures 75000 @ $1160oz = $US 87million
Production costs 75000 @ $589oz = $US 44.2mill
These kinds of figures will be released in mid year report, but a very bright future for Dragon.
Current market cap $63million Incredible!!!!
Report coming will show we have cash and bullion which will easily cover debt inc convertable notes at present and then $16million worth of value coming from CHN
Good times are ahead for Dragon.Dragon is now unhedged...
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Last
$1.87 |
Change
0.000(0.00%) |
Mkt cap ! $103.6M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12000 | $1.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.30 | 1999 | 1 |
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