Yep, structurally in a very strong position. Plenty of cash, plenty of organic growth. Good upside potential, even if POG is flat. SAR moving up the ladder, DCN will take its place...
If you exclude NCM, it's an impressive line up of cashed-up gold producers. EVN, NST, SBM, RRL, SAR, DCN.
NST & EVN will race to 1mill oz +, hmmmm, if you add DCN to any of these goldies (ex NCM), they jump to the next level and would command a higher EV/Production multiple. That's why I think they will be a tasty treat at some point.
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