Ann: Doray Increases Strategic Land Position , page-45

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  1. 8,616 Posts.
    lightbulb Created with Sketch. 87
    At $1560 POG AUD and SP of 76c my DRM calculator is showing market cap is still around $55M short of gross cash flow of $170M (based on 5 year minelife incl Judy South)

    Don't know why DRM is underperforming the other goldies other than for the possible reason that the others were sold down alot more savagely during the general gold selloff.

    But the fundamentals make DRM the standout imo as long as they deliver on their forecast cost of production.

    Topped up yesterday.

    Cdchi1
 
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