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Dalradian Resources, Inc. DRLDF

"Dalradian Resources Inc is a gold development and exploration company. The company is based in Canada, but it is primarily involved in the acquisition, exploration, and evaluation of mineral properties in Northern Ireland. One of the company's main assets is the Curraghinalt Gold Deposit located in Northern Ireland."


OTCPK:DRLDF - Post by User

Comment by Philtmcnastyon Dec 12, 2016 2:37pm
268 Views
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.
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