Excitement for exploration aside... Does DEC have any measures gold reserves? I've looked through all of their SEDAR filings and company presentations. I don't see anything that is worthy of mining so far. The best thing they seem to have going is some cash on hand now, an Eric Sprott participation and a few land claims. They have a current market cap of near $20m
Alternatively, why not look at something like SPA that actually has 4.6m of gold reserves and trades at a $36m market caps? (Recent dilution aside).
Can someone help me see the light on DEC? Looks like a pure speculation play and I can't get there in the valuation until they bring in better results.