Current NTA, page-32

Well, I get your point about DGR not having earnings, I also accept your complimentary remarks regarding my intelligence, bang on Barrel. You are clearly exceptionally intelligent in your own right. But you transcend the intellegence spectrum into the realm of gifted genius in assigning a PE ratio to DGR.

Im almost serious you know. On your side you could argue that AJQ and ANW are earning now, and you have a point. Its possibly the most tenuous point ever expressed on hotcopper, but its a point and who am I to disagree?

The PE ratio could be -1000 and the stock could still be fantastic value. As long as you have the ability to raise cash, which in our case really isnt going ro be tough (because the size of Assore and Sumitomo is just so many leagues away from our own). What do you think they will do??? Major holders, shares essentially escrowed. Major stakes. Do you think they wont support the raise and force Mather/Vincent to dilute, and raise at a massive discount to the vwap.??There by dilluting their large holdings??

Because DGR is a loss generating vehicle at this point the in ground value of our resources is very very low.

I would say great value.
You would say well its not BHP.

And you would be right....

A very clever observation