Originally posted by loki01
DCN were supposed to report on a reserve at Cameron Well in November, according to their August 2018 resource upgraded information statement. No such report has been provided and its a miss for management. They raised plenty of cash for drilling so there is no excuse. The Cameron Well resource of around 240k ounces at 1.3 g/t may is too small to excite the market, and the LOM plan is also unexciting without a major upgrade.
I suppose we will get a lift in the share price next week in line with the rest of the market, given that the goldies in North America went up along with the higher gold price. If DCN does not move then its perhaps a bad sign that there is something amiss here.
loki (another party pooper post from the resident party pooper.)
@loki can you please elaborate on November update? This is what I found in said report (bolds are mine):
Page 1:
... Secondly, it shows the high confidence M&I Resources at Westralia have increased to 989,000oz andkept the grade high, now at 5.2g/t, which in combination with Cameron Well, positions us well for ourOre Reserve
update later this year
Page 13:
NEXT STEPSComplete Feasibility Studies on the Cameron Well Mineral Resource with a view of declaring amaiden Ore Reserve for Cameron Well in
2HCY2018.