Q: Hi 5i Guys
1) Is DPM a gold play or a multiple metals play?
2) While I see DPM is up quite a bit this year, does this look sustainable or are they too tightly tied to the price of Gold?
Thanks as always for your great answers
Ken
1) Is DPM a gold play or a multiple metals play?
2) While I see DPM is up quite a bit this year, does this look sustainable or are they too tightly tied to the price of Gold?
Thanks as always for your great answers
Ken
5i Research Answer:
DPM is mostly gold and copper. In the Q3 it reported production of 64,000 ounces of gold and 7.8 million pounds of copper. But certainly the price of gold is a big driver for the stock. The company has $400M cash, the stock is cheap, and free cash flow is very solid. We think it continues to look good overall.