So, gold is now at around $1040US/oz and looking like it is going north, not south. Dragon is an unhedged producer, currently producing 80000 oz per annum, and with clear plans to grow that over the short to medium term. It's full costs were at last count $580US/oz, so it is operating at a margin of say $460US/oz ($517A) per oz.
Net operating cash flow at current gold prices is presumably then around $41mA/annum.
The prospects for growth look good + exploration looks highly prospective.
And yet, the market cap is just $58m. I find that quite bizarre. There are junior goldies with no sales worth more than this on paper. What's going on???
this is ridiculously cheap
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$1.87 |
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Mkt cap ! $103.6M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12000 | $1.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.30 | 1999 | 1 |
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