go brexit indeed bonies former plans without any upgrades are no...

go brexit indeed bonies

former plans without any upgrades are no doubt vastly more profitable in current environment, timing is everything and former management would have loved gold trading at A$1,800/oz for their studies

Dacian are rolling with a $360m market cap on 3Moz resource and feasibility study due end of CY16... for the PGO 1Moz a rough approximation would suggest a market cap closer to $100m would be justifiable. Their project only had 840koz JORC when they picked it up off former owners in 2012.
(from their recent preso below)
• Dacian believed there was substantial scope to grow the resource by applying new
geological theories and techniques
• Dacian’s belief in Mount Morgans’ potential was also underpinned by the lack of
exploration by the project’s previous owners over many decades