re: b2 the contrarion indicator
the DOM SP is now in my target range of 70-80c...however that target range was set when price was in mid 30s...since then we've had a resource upgrade, and of course record monthly production, which at this rate will actually see a fair whack of production get full exposure to POG.
So yet again ive revised my target price and am hoping for 90c-$1.
However given their infill dirll results, i may have to revisit again in March qtr, since if those grades hold true prodn in that qtr should easily match october production each month. In other words, DOM could well and truly pass 100G oz prod for the year...which would mean 20G+ oz at full gold price.
And of course, next year unhedged (though i expect they will enter some further hedging at some stage).
Then theres more resources likely at m2-m3...imagine that throws up another 100-200G very high grade oz!!!
Its all looking very good. Though you'd expect a short term retrace of gold price before it bounds upwards again
Cdchi1
DOM Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
