Golden Dawn Minerals New GDMRF

RE:Golden Dawn Minerals Inc. (von First Berlin Equity Researc..

[louel]

Well at least the analyst was realistic.   .36 cent target.  based on the present value as he seen it.       
 
Similar to I had said in a previous post.  Golden Dawn has lots of claims.   But thats all they are until a resource is found on them.       I would suggest,  It is time they started exploring their mineral potential.           Proving up additional resources would be the biggest driver of share price.      Other than GOM being taken over by Kinross if they find something at Mount Atwood.    Which is only a short distance from the Greenwood mill.

  A year ago I was told production was expected to start in the first Q of 2017.   Below his info says 18/19.     From previous observations I have found poorly thought out, or un-met timelines tend to kill investor sentiment.     It is far better to under promise and over deliver.


  
    Abstract:   Golden Dawn Minerals (GOM) has assembled a land package of 14,700 hectares in the Greenwood mining camp in south central British Columbia. The most valuable parts of this asset from the current perspective are a modern processing plant and two gold-copper mines (Lexington-Grenoble and Golden Crown) which we expect to start production in Q1 2018 and Q1 2019 respectively.

  In 2008 a depressed gold price and a high debt load caused a previous owner to halt operations at Lexington-Grenoble eight months after starting production. GOM was able to acquire the two mines and the processing plant in 2016 at the bottom of the mining cycle for 10% of the sum invested by the previous operator. GOM owns an additional 12,700 ha. of land contiguous with the properties where the Lexington-Grenoble/Golden Crown mines and the mill are located. This land has ca. 30 past producing mines, and well over 70 mineral deposits and showings. Our price target of CAD 0.36 is post a CAD10m capital raise and is based principally on a DCF valuation of the Lexington-Grenoble and Golden Crown mines and our estimate of the value of the processing plant. Our recommendation is Buy.

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