DCN 1.88% 40.8¢ dacian gold limited

Ann: First Ore Mined At Allanson Underground, page-45

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  1. 323 Posts.
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    Some great posts in this thread , we are fortunate to have many experienced and informed participants willing to share their knowledge.
    It's been a long journey since November 2012 but we are now within 3-6 months of proving up the business case put forward in the initial FS - actually a newer , improved version
    The DCN team is essentially the one that took Avoca along the same journey to an eventual $1B+ M&A - Mt Morgan's is of a similar if not better quality resource so cause for optimism on that alone IMHO
    From what we know at the moment there are four pieces of the puzzle about to drop - Westralia and Cameron Well Reserves , Commercial Production and AISC. That's without any other exploration opportunities which will probably take shape thru 2019.
    I am very optimistic about Westralia in particular , hopefully it will go very deep like a lot on mines present in the surrounding area.

    In terms of the re-rate I don't think it's unreasonable to look at an EV per production ounce similar to or slightly below SAR - that will bring the well north of $3 into play as mentioned by Eshmun and a few others.
    All IMHO of course and please DYOR
 
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