Edison Investment Research Limited: DFR Gold (DFR): Initiation - Past work heralds a cascade of future riches
DFR Gold is a Canadian-listed, West African gold explorer and developer.
- DFR Gold is a Canadian-listed, West African gold explorer and developer.
- From drilling either already completed or under way, Edison estimates that DFR could almost double its maiden resource in the short term.
- The current resource base at Cascades and recent exploration success on the licence represents a significant value opportunity for investors, with the remaining portfolio offering further upside.
- At its current share price of C$0.07 and a foreign exchange rate of C$1.3433/US$, DFR had an end-H123 enterprise value of US$25.53 per attributable resource ounce.