Dakota Gold (DC) appears to be ready for a big breakout, testing the final remaining resistance level at 4.51. Bullish ABC continuation pattern shows a C-D leg full measured move to ~5.50.
things I like:
- US company, jurisdiction, and listing (NYSE Arca)
- 40M+ cash, no debt
- junior miner in mining friendly SD jurisdiction (and on private land, easier for permitting)
- excellent CEO (with two previous major successes)
- 1st project (dev) ~10M oz Au equiv.
- $2.4B NPV @ $2950 Gold (Production in 2029) -->1.2B market cap? (conservative SWAG)
- 2nd project (exploration phase) --> potential 60% add'l ?
These all appear to be ingredients for a (very conservative) longer term share price north of $10, with significantly higher potential depending on where gold goes and exploration outcome of their 2nd project
things I like:
- US company, jurisdiction, and listing (NYSE Arca)
- 40M+ cash, no debt
- junior miner in mining friendly SD jurisdiction (and on private land, easier for permitting)
- excellent CEO (with two previous major successes)
- 1st project (dev) ~10M oz Au equiv.
- $2.4B NPV @ $2950 Gold (Production in 2029) -->1.2B market cap? (conservative SWAG)
- 2nd project (exploration phase) --> potential 60% add'l ?
These all appear to be ingredients for a (very conservative) longer term share price north of $10, with significantly higher potential depending on where gold goes and exploration outcome of their 2nd project
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.