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graysonbarnes 1 post  |  Last Activity: Mar 1, 2016 7:54 PM Member since: Jan 26, 2011
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    long term share holder wants the news

    by savage_planet Feb 29, 2016 8:39 AM graysonbarnes Mar 1, 2016 7:54 PM Flag

    They're waiting for the environmental protection license (EPL), which should be any day or week now. That license will then make way for the financing of the DZP to begin in earnest.

    Also, this quarter they're mining a much higher grade ore, and with gold prices rising, made even more significant with the decline of the Aussie dollar, (gold over $1700 per oz.), and all in costs of around $1000-$1100, they should have a pretty solid quarter.

    A 70+ year mine life, with conservative estimated profits of $350-400 million per year when the DZP is up and running, and the current price is below what fair value is for it's gold operations alone. Pretty solid risk/reward at this stage.

    Sentiment: Strong Buy