Post by
bjbear on Sep 10, 2024 10:20am
LATEST PRESENTATION
Looking at the latest presentation on their website the biggest holding by dollar numbers is RGD which is now owned by GMIN. It represents $1.26 out of total market value of $3.36 for DC.A far surpassing any other holding. Principal owners of GMIN are a family of Quebec mining engineers who have built a few mines in South America on budget and on time. Expect them to do the same with RGD, Reunion Gold.
As GMIN goes so does DC.A. Yesterday GMIN had a 10% pop and is still undervalued according to RBC analysts which have a $17 target almost twice it's present price. GMIN just did purchase of a mining project in Brazil. RGD is a large Guyana gold project which GMIN will develop into a mine.
I like the over 60% discount on the DC.A share price compared to the market value of all it's holdings. Rick Rule, one of the more knowledgeable mining experts is a shareholder in DC.A and made it one of his top three picks on Marketcall .back in June of this year. Do your own due diligence.
Comment by
jrj90620 on Sep 10, 2024 12:22pm
DC sold most of their shares in GMIN and still has a small amount.They did get shares in Greenheart Gold,which has the same management as the former RGD.
Comment by
bjbear on Sep 10, 2024 1:24pm
You are correct about GHRT Greeheart Gold-X. It was just listed an the Venture exchange a few days ago with a mkt. cap of about 42 million. I assume DC.A is sitting on some cash as well as shares in GHRT? I think DC.A is dirt cheap but wish they would have kept all of their GMIN as it will probably be a mine long before these venture stocks ever will be.