In my view it is silly to look at valuation in a stock which is moving very fast in adding reserves to current orebodies, acquiring assets, spinning off assets, seek listing on the TSX.
Large sums of money for a small company are easier to get in Canada than in Australia. Canada is stumping ground for rich US investors who do not have a resource-based stockmarket.
The simple fact that DIO wants to make an in-specie distribution to existing shareholders is great. It is all free money!!!
On simple chart analysis, now that DIO has broken the 15.5c old resistance, the next is at 30.5c.
Do your own research to gamble your money!!!
DIO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held