DCN 1.88% 40.8¢ dacian gold limited

Ann: First Ore Mined At Allanson Underground, page-33

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,589 Posts.
    lightbulb Created with Sketch. 49
    I been building a position at current levels & do have trust in the management tthis will be goer.... But recently I been doing some comparisons between DCN & SLR/DRM(once merged), seems SLR is severely undervalued compared to DCN..

    SLR/DRM 230-250,000oz pa enterprise value of $280mil

    DCN - 180-200,000oz pa enterprise value of $480mil

    Yes DCN has bit more mine life, but saying that SLR/DRM are much higher grade with good potential for further discoveries... Merged entity will produce 40-50,000oz more than DCN offsetting the higher ASIC than DCN, plus debt free with 100mil+ war chest & $480mil of tax losses in hand.....

    As I said hold both, but SLR seems significantly undervalued at current levels if compare with DCN..... With market turbulence seems not going away anytime soon, I feel we will see gold at $1300oz, companies like SLR & DCN wont be ignored...

    Cheers
 
watchlist Created with Sketch. Add DCN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.