I'm also bewildered by DRMs MC in comparison with AAG's.
I guess its just a function of the very tight cap structure - their 'discoveries' have all been found by others historically and much of their new drilling is just clustered around other high grade results. Their Andy Well thing has a strike lucky to be 100m which makes UG exploitation very tough (granted the grade is nice!). But OVMs and other such KPIs for UG mining remain skinny. Ounce dirt will only yield 265OVM!!
AAG hold 3 whole goldfields. Looking at this ground using modern methods of exploration and visualisation should yield another +2Moz in my opinion...
We wait to see!
AAG Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held
