Could DRA be compared to PNA? both at the same stage with production to commence in Feb. Both will be producing around 50 to 70k ounzes p/a. Pna will have a cash cost of approx US$175 as opposed to DRA of approx US$230(over 5 year term)
PNA have 35m in cash being worth 6c but PNA have nearly twice the amount of shares on issue than DRA.
DRA have another two more mines which should commence production this year where by PNA wont have there next project running for at least another couple of years. DRA have more assets and projects and are more diverisfied.
Am i comparing apples with apples? Would anyone like to comment...
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