Thank you Mining Nut- all possible what is challenging to...

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28/12/17

12:09

Post #: 29905583
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Originally posted by miningnut ↑

What a hopeless set of predictions those turned out to be and it seems like 2017 was a year in which not much headway was achieved and with the share price going nowhere but yes those predictions could still come to fruition in the not too distant future hopefully. Let's try again:
1) Faboliden to be in production from May, 2018 for up to five months producing some 10,000 ozs. Or will they wait until May, 2019 before going into production so that it dovetails into production with the full mining permit? I'm now expecting annual production of up to 45,000 ozs when production from the full mining permit commences in October, 2019 given statements in the Consultation document released earlier this year.
2) Merging Tanami into Dragon still makes sense if the HK listing goes ahead.
3) Although the last announcement about the HK listing caste serious doubt on it going ahead, I'm still hopeful that it will, but obviously we're in the hands of the HK listing committee and their rules. We should get a definitive announcement on this in January.

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Thank you Mining Nut- all possible
what is challenging to understand- lets say Dragon produces 50,000 ounces in 2019
Infrastructure is mostly there- open pit mining-very cheap to produce
The profit based on todays Gold price could be $25-$35 million or 29c to 40c a share-
Yet we are capped at $17 million

DRA Price at posting: 19.5¢ Sentiment: Hold Disclosure: Held
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