GCY now SPR Spartan has hit 90c,still holding half Looks like a big holder about to disclose.
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Thanks I credit a mate for this one.Am up re 800% atp ,s/p now $1.30.Sold a few to put into another,undervalued gold nanocap GBR. DYOR
https://hotcopper.com.au/threads/8109009/h
Nice need to spread some of those fat gains over some of my Gold/Silver stocks .. seems like an age since I last had a muti-bagger ... need another WWI .5c to 15c high some 2900% gain ... maybe DTR from .6c ,,,,pumping another A$30k into their rights issue today
My Gold stocks holding ground to rising today which was impressive ...
DTR one of my speccy Gold explorer potential one day producer>>>
Some basics I've found over the year have generally been very positive going forward from explorers (which I've held 50-60+ similar to DTR last 20yrs)
Main 4x
1-Skin in the game- Mgmt that have their own interests aligned with S/Hs ...here we have CEO-CHAIR hold massive positions and loans to the company..
2-Project/s - on both a Micro and Macro case .. I think having a mining license in place + a history of production + huge strip of waste rock already done + 1.1MOz resource with a high M&I which should translate to a good size JORC reserves one can do DFS on ....MARCO case GOLD which has been one of the best assets this year and looking like it could continue to move higher.
3-Capital to Mktcap - A$5mill+ in capital(with debt reduction) Gold links funds to come in time 10mill+ Capital access potentially over the next 12months etc to a present A$12mill Cap...!!!
4-Mining Jurisdiction-Land of the free!!!
-https://www.mining.com/utah-ranked-top-jurisdiction-for-mining-investment-by-fraser-institute/
So yes I think DTR has great potential we (like all explorers)need a few things to go our way ... Lucky strike mine into operation... positive FES studies.. increasing MRE .. Strong Gold market.. and some real market interest in the small GOLD end of town ..
I still think DTR upside in value will come about from a T/O from a local US major miner wanting to add Oz to their production profile reserve base ..as we know Gold miner only as valuable as their Gold reserves we see through more exploration DTR top 1.5Moz to 2Moz with a healthy 750koz-1moz Gold reserves .
. I recall back in the last Gold Bull market of the 2000's many project and miners getting taken over for USD $50-$300 per reserve oz and this was during a time of $300-800oz Gold -(I recall Resource stocks magazine doing an article on GOLD M&A at the time late 2000's it was huge bullish time watching Gold move from $282oz to $1000oz ..only wish I could find that magazine would love to read that article again ...mind-blowing some of the prices being paid for Gold reserves)
this time its been from 2015 lows $1080 to see the same percent growth as the 2000's to 2010 would see Gold move to just under $4000oz
So bringing those ideals together we can see if say DTR commands low target 750koz Gold reserves and using low ball USD $500oz (If gold is say USD $3500koz)
Thats $375mill !!! USD !!