end game looms, page-24

Ace, 36kt pa may be relatively small compared to assets of RIO and BHP but remember that DML has been a producer for less than 12 months, 36kt (with scope for 50kt) is from Boseto alone and thirdly that DML is sitting on some seriously prospective ground. Give DML 10 years of production and exploration before you go comparing them to your mid tier copper mate.

I couldn't care less what a mid tier copper miner thinks of DML, I don't want my shares bought from me. I want to hold for 10 years, in which case we might be buying the mid tier company you're referring to.

As Plough said, and as the BFS outlined, we need cheaper power and this will happen within two years I'd expect. The project maybe marginally for that period but it doesn't write off the future of DML and its ground.

I'm not happy about it, but some dilution is preferable to losing the entire asset.

No manipulation hey? Sure thing ace. Talk to UBS.