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DOM $2.95

gold stock (dominion mining) - starting to get tra

  1. Angus

    2,218 posts.
    This has put on about 20% since I suggested people look at it a few weeks back, but I think it has still under-performed the Gold index over the last few months by a fair margin. It is not particularly liquid, and the Challenger mine being in SA may not get a lot of attention from WA brokers.

    The September quarter production will only be moderate given Challanger is processing lower grade transitional and stockpiled ore, but from I think from the next period we will see 3 quarters of production averaging 15,000-18,000 oz at AUD200 or below cash cost. Hedging is not a problem for Dominion, having achieving an average reported sale price of around AUD615 to date.

    As always, do your own DD because I have a vested interest in seeing people buy DOM. I backed up my truck (its only a small one) at 50c.

    angus

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