Fundamentally DRM is looking good with the prospect, IMO,
of being gold miner of the year again for 2016.
Fundamentals:
Mkt Cap.....................$324 mil
# of shares..................308 mil
Cash............................$56 mil
Debt.............................16% of equity (low)
AISC.............................$1280 AUD (likely to be sub $1100 soon)
Prod..............................90K ozs P/A
P/E...............................8 (cheap)
Net Profit.....................19.83%
Op Mgn........................20.64%
ROA..............................12.55%
ROE..............................17.97%
(Please note: the above figures are all well and truely double digit)
And from all this going forward we can reasonably guesstimate a NPAT of $40 mil
or eps of 13c or $1.30 share price @ a P/E of 10.
All this, of course, IMO; so please do your own research before investing.
Should the POG hit and stay at $2000/oz AUD ($1480 USD) then this would
obviously add another $27 mil to DRM's bottom line and lift the SP well
above $2 (IMO)
DRM Price at posting:
$1.07 Sentiment: Buy Disclosure: Held
