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D’Aguilar Gold [Limited] is a resource generation company focused on the creation of resource projects. Ford Motor Company makes motor cars; we make resource projects that ultimately, we believe, will go into production of whatever the commodity is that we’re exploring for.
The reason that our stock has been re-rated so significantly in the past seven months - we’ve seen it go from a market cap of $5 million to $34 million, and a share price of about 5 cents to 26 cents - is because we have now demonstrated to the market that we have a substantial project at Anduramba, a molybdenum project which is going through feasibility at the moment.
We decided that we wouldn’t promote D’Aguilar until we had a project to start off on. Anduramba has proved to be that project. We have been able to demonstrate that it has a discounted net present value at the moment of $155 million and we believe it will improve from that.
Anduramba is only one of four current significant projects that we have in D’Aguilar. As each one of those goes out of the end of the D’Aguilar pipeline and emerges as an independently managed and financed company, so other ideas will come in the back end of the pipeline from our geologists thinking daily about new exploration ideas.
The important thing is to make sure that you think big, and not limit yourself to a very small prospect.
One of the central tenants of D’Aguilar’s and its subsidiaries’ exploration philosophy is to start with a very large land position. In all of our project areas we make sure that we completely cover the prospective ground for the particular style of mineralisation that we’re looking at in any one particular location.
The business model that D’Aguilar is developing dictates that we spin off the projects that we develop in subsidiary companies. By spinning off these projects we are able to have D’Aguilar’s retained interest in the company denominated on the basis of the listed value of that subsidiary company.
We have a fantastic exploration team in D’Aguilar and I’ve been taking steps over the last year, and particularly the last six months, to make sure that we strengthen that team.
I’m very excited by the opportunities that are available to this company and by the power that our exploration team has in terms of generating value from the grassroots up.
In terms of where D’Aguilar is going to in the short term, we are working on closing the gap between our market capitalisation of $34 million and where we see our ultimate project values going. We’ve got a great upside to fill and I’m looking forward to the next year as we close that gap.
The future for D’Aguilar we believe has the potential to be endless. So long as we keep delivering results, keep delivering mineralisation, keep delivering ore bodies which can and do go into production, then we believe that there’s a continuing supply of risk capital to conduct those exploration and appraisal activities.
The reason that our stock has been re-rated so significantly in the past seven months - we’ve seen it go from a market cap of $5 million to $34 million, and a share price of about 5 cents to 26 cents - is because we have now demonstrated to the market that we have a substantial project at Anduramba, a molybdenum project which is going through feasibility at the moment.
We decided that we wouldn’t promote D’Aguilar until we had a project to start off on. Anduramba has proved to be that project. We have been able to demonstrate that it has a discounted net present value at the moment of $155 million and we believe it will improve from that.
Anduramba is only one of four current significant projects that we have in D’Aguilar. As each one of those goes out of the end of the D’Aguilar pipeline and emerges as an independently managed and financed company, so other ideas will come in the back end of the pipeline from our geologists thinking daily about new exploration ideas.
The important thing is to make sure that you think big, and not limit yourself to a very small prospect.
One of the central tenants of D’Aguilar’s and its subsidiaries’ exploration philosophy is to start with a very large land position. In all of our project areas we make sure that we completely cover the prospective ground for the particular style of mineralisation that we’re looking at in any one particular location.
The business model that D’Aguilar is developing dictates that we spin off the projects that we develop in subsidiary companies. By spinning off these projects we are able to have D’Aguilar’s retained interest in the company denominated on the basis of the listed value of that subsidiary company.
We have a fantastic exploration team in D’Aguilar and I’ve been taking steps over the last year, and particularly the last six months, to make sure that we strengthen that team.
I’m very excited by the opportunities that are available to this company and by the power that our exploration team has in terms of generating value from the grassroots up.
In terms of where D’Aguilar is going to in the short term, we are working on closing the gap between our market capitalisation of $34 million and where we see our ultimate project values going. We’ve got a great upside to fill and I’m looking forward to the next year as we close that gap.
The future for D’Aguilar we believe has the potential to be endless. So long as we keep delivering results, keep delivering mineralisation, keep delivering ore bodies which can and do go into production, then we believe that there’s a continuing supply of risk capital to conduct those exploration and appraisal activities.
