Originally posted by steven1459
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
@steven1459,
In response to your last post, you just cannot compare DCN with SLR, numbers are numbers (and will change from qtrly to qtrly). What makes me sleep better at night is knowing DCN have quality management who have "skin in the game". You cannot beat that.
But would appreciate we focus on DCN in this thread rather than cross promote...cheers