DRK 0.00% 1.2¢ drake resources limited

strong upside

  1. 3,694 Posts.
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    With initial drilling results expected from Falun soon the upside for DRK and DRKO remains strong.

    J/V partner GMR (225m shares) has attracted ongoing support with its shares at 17.5c - 18c today.

    DRK (42m shares) with a similar interest in Falun to the GMR entity has been a "sleeper" and continues to be below the radar of investors.

    With cash on hand plus shares in ROY & AEE worth approx 17c per DRK share, the DRK price places minimal value on its fully funded 25% interest in the Falun project which is a World class proven gold and copper deposit......the first good drilling results will push DRK above 40c quickly IMO and even at those prices the market cap will still only be a modest $17m.
 
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Currently unlisted public company.

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