Australia's largest stock trading and investment forum Australia's #1 stock forum

DCN

Click for more information

0.00%

28.5¢ dacian gold limited

Glad you're back Greenie.....I always appreciated your...

First 203 Last

Share
Profile

Follow
Stormboy2

2,092 Posts.

250

31/05/21

11:21

Post #: 53531098
Share

Originally posted by Greenflint: ↑

What I specifically picked up in what EE said about DCN is that the conversion of resources to reserves is the need for "Adequate Funding" and that clearly put at ease the reason on why CR is needed. In short the CR is with the full blessing or perhaps the encouragement of EE.

The statistical figure of cost figure of $15-$20/oz in exploration in brownfield area translating to resources return of $100-$200/oz is another good reason for the CR. So a $20M of CR to $100M-$200M of resource return is not a bad return. In time of a bull run, this return will become much higher.

Cheers.

Expand

Glad you're back Greenie.....
I always appreciated your input..

GLTAH

DCN Price at posting: 28.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

CC9

Chariot Corp unveils plans for Black Mountain "pilot mine" in Wyoming, US; shares jump +20%

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

FFM

Firefly positioned for copper growth in Canada ahead of resource update

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

There are more pages in this discussion • 481 more messages in this thread...

First 203 Last

Add DCN (ASX) to my watchlist