OTCPK:DRLDF - Post by User
Comment by
Philtmcnastyon Dec 12, 2016 2:37pm
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Post# 25587240
RE:RE:Positive Feasibility study!
RE:RE:Positive Feasibility study! The results of FS were a little underwhelming. The net present value according to the FS is C$400M compared to a market cap of C$320M, and that is assuming gold price of $1,250. So you have NPV, with all the risks inherent in a project as yet unbuilt, only slightly higher than the current value ascribed to the company and price of gold is almost $100 less than the price used in that study. Add to that the fact that market is in no mood to ascribe additional value to potential for future exploration success and I think the price today makes sense.