DCN 1.88% 40.8¢ dacian gold limited

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  1. 1,484 Posts.
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    Good vid reminder, it’s now about 6 months old but the detail on Cameron Well coming online in 2019 is still topical. I note that he states that once the Cameron Well ore (clay base I think he said) starts processing through the plant it will reduce the AISC. So the sooner that’s online the better.
    He stated that ‘Commercial’ production is expected in this Dec qtr, based on their track record to date management take great pride in hitting their deadlines. I expect they are pulling out all the stops right now to make this happen and get it announced this month.

    Question:
    With the recent uptick in gold this week, I guess that makes it easier to announce the commercial production right?
    As am I right to assume that if the price of gold is higher than your AISC then you’ve technically reached comm production yeah, because you’re making profit.
    I know that gold price can float around but how much margin do you need to be making before you can announce....... just a call made by management?
 
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