I bought DMG (Dragon Mountain Gold) and am considering diversifying into MON.
I'm not trying to spruik DMG as I'm holding for the long term, but am just wondering whether any of you guys considered DMG and if so what were your reasons for not buying.
Both companies have similar market caps.
However, here are the differences from what I can see.
1. MON based in Aussie. DMG in China.
I' thinking though that the political risk is negated by lower capex/opex and DMG doesn't have far to go to the marketplace. Also won't China prefer to buy from its own resources?
2. MON has a bigger JORC (indicated and inferred ). However, DMG is proving up China measurement standard in to JORCs this year and Lixian prospect to have anywhere between 5 and 10 million ounces.
3. DMG are funded for another 24 months (raised funds through IPO). MON need to raise fund for recent aquisition.
4. Both are looking to produce majorly within 18-24 months.
5. DMG have tenenments the size of Victoria in Xinjhiang. This contains the prolific Tian shen gold belt which has mines such as Muntaro (170 million ounces)
Any thougths appreciated
Thanks
- Forums
- ASX - By Stock
- mon vs dmg
I bought DMG (Dragon Mountain Gold) and am considering...
-
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MON (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online