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

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.