Dalradian Resources: Stress-Testing A High Grade Gold Opportunity In Northern Ireland
- Dalradian Resources has a high grade gold project in Europe, with good management and a very robust 2012 PEA.
- The company is currently working on a 35,000t bulk sample which is needed to derisk the project considerably regarding width and continuity of veins.
- An updated economic study is expected at the end of Q3 or in Q4 , 2014, and I expect lower but still good figures.
- A price to NAV of $1.33 is estimated, for a profit of 53%, and a risk-adjusted price to NAV of $1.16 is estimated for a profit of 33%.