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DRG draig resources limited

7.14%

19.5¢

Ann: $8M Fully Underwritten Institutional Placement, page-53

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Seth Davis

2,480 Posts.

28

27/03/18

17:11

Post #: 32064922
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Originally posted by Abos ↑

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.

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Yep.

Purely speculative.

Happy to stick my neck out on 500koz resource by September attracting $300 per oz valuation.

DRG Price at posting: 19.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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Ann: $8M Fully Underwritten Institutional Placement, page-53

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