Hi John,
I've been reading your work on DRA. Especially the EV per oz in the ground. At 30-33 per oz DRA doesn't seem particularly out of with the rest of the market. I have a few sources for this data and I googled to find:
http://www.resourcestockdigest.com/featured_companies/analyst_news/index.php?&content_id=575
which values Detour gold at $35 per oz in the ground. Now they are not producing and I realize that is a huge difference but they are a much larger (8x), more liquid company which also makes a substantial difference.
My other source from RCR values Azumah (42M) at $40, Cortona (25M) at $33.4, Eleckra (22M) at $23 Korab (12M) at $18, Noresman (169M) at 35 and West Wits (13M) at $24 with an average of 96 (185M).
Is DRA cheap compared to other small gold companies or is it just absolutely cheap (i.e. all gold comapnies are currently undervalued)? Which would argue for a basket of gold companies rather than focus on DRA.
Hi John,I've been reading your work on DRA. Especially the EV...
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Last
$1.86 |
Change
0.000(0.00%) |
Mkt cap ! $102.8M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 320 | $2.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.30 | 1999 | 1 |
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| Last trade - 16.12pm 29/07/2024 (20 minute delay) ? |
| DRA (ASX) Chart |
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