DML discovery metals limited

end game looms, page-32

  1. 930 Posts.
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    Gocu, my discussion was based upon the term 'world class'. The 'potential' to possibly achieve 60ktpa still does not make it world class. It is just a good little operation.

    Anything world class will be of interest to the big players.

    Unless it can produce a minimum of 100ktpa at less than 80c per lb, it is of no interest to the majors. And if it is of no interest, then it isn't world class.

    I have to say that the market gets it right more often than not. A share price falling from $1.70 to 20c is sending you a message. If it was rated more highly, it would be trading at 80c

    I do hope longer term shareholders are able to get out of this ok. However, if there is not a bid, and the prospect of heavy dilution, and copper not likely to see $4 per lb for quite a while, DML will not see even 60c for years to come
 
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