DCN 1.88% 40.8¢ dacian gold limited

Ann: Strong Drilling Results Highlight Growth Potential, page-8

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  1. 11,185 Posts.
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    The company is shooting to put a 10 year LOM stamp on their operations. Once AISCs are confirmed after a few quarters of commercial production and the 10 year production map gets clearer we have a keeper that will just keep on giving. Shares on issue are minimal so better to grab them now while there is still a little doubt around the story IMO because once the doubt is lifted there won't be many shares to go around.

    They will start paying dividends once debt is paid after they fall into a steady production pattern. Either that or they will go into acquisition mode. If I was DCN's corporate development officer I'd be sniffing around FML's recent Beasley Creek drill results. The mineralisation at Beasley Creek under the existing pit is high grade and recent drilling has discovered that it is dextrally off set and open to the south which opens 400m of potential strike between Beasley and the Beasley South open pit and about 1.2km of strike overall. A JV on this area could be interesting for DCN's life of mine plans, particularly if the mineralisation is more extensive than the old drilling and mining would otherwise indicate. I remember owning Beasley Creek through Metex Mining back in the day. DCN have proved that the old Laverton players/companies weren't really up to the challenge. What is needed is money combined with conviction plus a very good technical team. That is what DCN has brought. The Laverton tectonic zone is the premium gold camp in WA after Kalgoorlie and far less explored. It probably holds many more million ounce deposits associated with old mines like Westralia or new buried deposits. DCN is now a key player in the region and will have the front seat when it comes to negotiating on undeveloped or stranded deposits district wide. 10 years is in the bag within DCN's own ground IMO, +10 years will come from consolidating the district over time IMO. Esh
 
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Currently unlisted public company.

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