Ann: North American Investor Presentation - September 2018, page-29

Good to see the gold price stabilize out and climb for the time being.

Was simply wondering whether there was technical valuation (such as a DCF cash flow projection) underpinning the 50 cent claim or not. Or a less rigorous but still nontheless valuable method such as a EV/Oz multiple. Or a projected PE multiple basis for example. All methods provide interesting insights into what 'fair value' might be for DRM. 

I agree that 37 cents is about fair value at the moment based on the EV/oz metric*, but I think 40 cents is on the cards with a strong quarterly and continued progress towards the 1-5-1 targets.

*85,000 oz p.a. production (FY19) x $2,000/oz pa. (valuation typical of ASX mid-tier peers) =  $170m market cap = c. 37 cents

GLTAH. DYOR.