Yes - i have done my own DCF at significantly below current prices... And DIO came in at a pretty good premium to it's current price (even my buy in @1.34) - the Frogs Leg drilling is starting to show some very very real promise... And should provide a good mix into the open pit ore to bring the average head grades up above 4g p/t... (assume the open pits ~ 1.8g/t add proportion of ~ 6g/t from F.L.)...
Read the reports commissioned for the TSX listing - there is a lot of info there - and they have a lot of promise and high probablility of getting some more reserves from the recent Harmony gold tenements given sufficent exploration spend...
I'd say F.L. is a fait accompli as far as expanding the reserve/resource further (IMHO - and that is all it is)...
Recent price action almost surreal given recent anns... can we expect a change in sub. shareholder notice?
DIO Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
