Current NTA, page-37

Yes good to crack a debate, and the Lols are kept wholehearted.

I only say tenuous because I think you paint a pretty misleading picture regards DGR and PE ratio. Like lolling myself to potential injury, seriously its that misplaced and misleading.

Im not sure the PE ratio you are suggesting is right either -27. You have to be careful with those broker created PEs for small cap companies.What does that represent anyway???

As a rough estimate say mkt cap of DGR is 50 mill. Hence a PE of 10 would mean we were going to earn 5 mill for the year right?

- 27 would mean we spend 13.5 mill per annum across all the subs for the year. Its not a massive amount of money.


Raising capital I dont believe is a problem for IRR and SOLG at current levels and this is where the majority of the spend is going. ANW will be interesting, but they never have much and management have done a really good job there overall -on the smell of an oily rag too. ANW have 1.4 mill at the moment, which is apparently a lot for ANW historically. DHR has cash. AJQ has cash or is close to getting it...

13.5 mill is actually not as high as I would expect, and I would think the burn has been greater than this...

Its completely irrelevant. If you are buying this based on PE ratio then you have so missed the point so totally its completely lol worthy. Lol.

The only question is whether the spend has increased the intrinsic value of the assets.

It has. Possibly to a massive extent. We will see with the MRE update on SOLG.

Dont get me wrong I can see why people would want to time the mkt regards this stock. I can see why you would want stocks earning revenue right now and with a low PE ratio thats preferable.

Maybe TRY or RMS??

Because this right now is not that stock with earnings. It is trying. But its not there yet. So you dont invest in this company at this time if you want earnings. Simple.

But thats exactly the reason it will bounce like its wearing moon boots just as soon as the mkt gets the slightest hint of good times ahead. Because it has been marked down exactly because of the lack of earnings.

12% of SOLG- the largest copper discovery of all time, with the biggest foot print in underexplored Equador.

26% of IRR- massive exploration throughout Africa.

As you can see with IRR the scale can be massive. If they continue to deliver on the lithium we could essentially have 250 mill bucks worth attributable to DGR in the next 2 years. i.e - a five bagger. Not counting SOLG. This is why holders are here. Not 13.5 mill underspend.