Strong interest in Dacian

WHILE both Dacian Gold and Gascoyne Resources have first gold production due in upcoming months from new Western Australian gold mines, the ASX investment market in recent times has only been interested in one of the two.

Strong interest in Dacian Strong interest in Dacian Strong interest in Dacian Strong interest in Dacian Strong interest in Dacian

As of earlier this week Dacian shares were up nearly 50% since the start of November, while Gascoyne’s stock had lost 5-10% of its market value over the same period.

Dacian’s capitalisation of around A$600 million was around three-times that of Gascoyne’s.

Dacian is slated to produce gold at the end of March or early April, about three months ahead of Gascoyne’s late second quarter.

So perhaps Gascoyne’s re-rate is just largely a function of timing.

Dacian may also be in stronger demand because its Mt Morgans project will annually yield twice-as-much gold as Gascoyne’s Dalgaranga project.

Dacian’s Mt Morgans also has a longer life currently outlaid...