Q: Your thoughts on this co. which has had avery big move lately. Thanks
5i Research Answer:
DBG is a $608M gold miner that just released a preliminary economic assessment for its flagship Hat polymetallic project which is showing very strong economics. The momentum has been solid over the past several years, and a lot of this has been supported by the robust price in gold. It is unprofitable, does not generate sales, and issues shares to fund its operations, but if the price of gold continues to move higher and it releases positive preliminary results, we think it can continue to move higher over the long-term. But, we would be mindful of its small-cap size, its pre-revenue status, and higher levels of volatility.