DRA 2.95% $1.81 dra global limited

takeover, page-9

  1. JID
    3,679 Posts.
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    "And am I right that they [DRA] may deliver $20M-$30M profit before TAX in 2010 on a $60M M'Cap....?"

    Patty,

    That's what got everyone scratching their heads. We are coming up with similar numbers, but the SP refuses to reflect this as a reality !!

    I would understand it if the JORC was low, but at nearly 1m oz in Sweden and Finland alone (ignore the CHN 20%) and with great existing mine exploration drill results coming in and with two new sites in Finland... well, the SP makes no sense.

    I just think that retail investors doing a cursory look at DRA see "Swedish and Finnish" gold miner and stop right there, choosing instead to buy into true-blue ozzie miners :)

    Their loss

    cheers
    John
 
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