When you actually realise that we hold 6.8% of SOLG which holds the Cascabel Mine in Ecuador....and we are only a $23M MC company....you realise we are a pretty safe bet particularly in a jittery market.
As it stands right now our stake is valued at AUD $46M - exactly double our MC. This doesn't include our cash at bank circa $3.5M and other assets.
We are SOLG's 3rd biggest shareholder behind BHP & Newmont - both with circa 10%. So talk about a strategic shareholding.
Cascabel is considered a Top 20 mine globally in value with a USD 3.2B after tax NPV....28 year mine life (minimum) & 85% of the Cu / Au / Ag resource already proven.
All things from now are geared towards production commencing within 5 years max.
It's not hard to see DGR swept up in a takeover at this ridiculous MC sooner rather then later.
You have 3 esteemed European brokers with a 12 month price target circa GBP 60.00 for SOLG.
This would value DGR's stake at AUD 241M.
So yeah, you would think 10 cents is a valid short term SP target as a first stop....
GLTAH
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When you actually realise that we hold 6.8% of SOLG which holds...
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Last
2.4¢ |
Change
0.002(9.09%) |
Mkt cap ! $25.04M |
Open | High | Low | Value | Volume |
2.2¢ | 2.5¢ | 2.1¢ | $60.32K | 2.623M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 669838 | 2.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.5¢ | 791700 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 669838 | 0.024 |
3 | 1392841 | 0.023 |
1 | 130000 | 0.022 |
2 | 178857 | 0.021 |
3 | 557000 | 0.020 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 791700 | 3 |
0.026 | 608000 | 2 |
0.027 | 264270 | 3 |
0.028 | 134615 | 1 |
0.030 | 833331 | 4 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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