GREY:DRGDF - Post by User
Comment by
JintsuGehanon Apr 30, 2018 5:45pm
180 Views
Post# 27961209
RE:RE:Go study up on what happened to NGD...your fate if you stay
RE:RE:Go study up on what happened to NGD...your fate if you stayNGD is about Rainy River production profile and higher costs. Not as profitable as initially thought. Still I would say NGD is very cheap now, but I would buy under $ 3 CAD. DGC is due to lower output threshold for 2018, but the big reason for the plunge past 2 days is their AISC forecast to be close to $ 1280. This is almost what spot COMEX gold is trading at and is horrific news. Most miners are under $ 1000 these days. KL will be close to $ 700 AISC this year with sandbagged guidance that will be raised on Wednesday AM. So why would anyone ever then invest in DGC given all the recent horrible cost news?? Yet there are still the pumpers who are promoting DGC after 2 days of horror. JIN
Luminous wrote: Financials look good, any reason for the collapse in share price?