DCN 1.88% 40.8¢ dacian gold limited

Yes eshmun. The other thing is that those underground cost...

  1. 3,000 Posts.
    lightbulb Created with Sketch. 455
    Yes eshmun. The other thing is that those underground cost numbers are averages, whereas they are mining the highest grades over the next 12-18 months.

    Even saying that, I'm resigned to the likelihood that the feasibility study cost numbers will be too optimistic since very few gold developers have delivered on their cost targets. The plant throughput numbers should help the unit cost since they are operating 5-10% above nameplate (feasibility) tonnages. Recoveries also a couple of percentage points better. The open pit grade is a negative vs the feasibility to date though (although tonnages a positive).

    We know that last quarter they were marginally net cash positive at a company level and that was after costs for exploration etc. This quarter should be 8-12 koz more production I reckon. That's A$15-20M more revenue.
 
watchlist Created with Sketch. Add DCN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.