GREY:DRGDF - Post by User
Post by
netgenxon Feb 11, 2011 12:19pm
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Post# 18117139
DGC - $45/share
DGC - $45/shareA little rough math.
DGC is crrently priced at $165/oz P&P plus a cash cost of $437 gives us a value of roughly $600/oz.
Assuming a 30% ROI, we can round that up to $800/oz
With a gold price of $1200(consevative) we should trade up to $45 once we reach production with no allowance for future resourse expansion.
My guess is that if someone wants DGC, it will be soon, it will be Goldcorp, and it will be at least $50/share
I'm long DGC