DRG draig resources limited
Add to My Watchlist 7.14% ! 19.5¢

Ann: $8M Fully Underwritten Institutional Placement, page-51

  1. Abos
    208 Posts.
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    27/03/18
    16:56
    Post #: 32064397
    where does $300 per oz come from?

    According to Minesonline Market Metrics, the 5 yr average for a development project is US$52 per resource oz, jumping to US$99 per reserve oz.

    Even an operating mine would only attract US$254 per reserve oz.

    Given that DRG has no published resources any valuation given to the company is purely speculative.
    DRG Price at posting: 19.0¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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