DRM 0.00% 33.0¢ demetallica limited

Ann: Doray to Present at Mines & Money London 201, page-9

  1. 33,862 Posts.
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    re: Ann: Doray to Present at Mines & Money Lo... personally I do not think their income stream is going to be reduced much as the mill is compensating for the drop in POG by running at >20% above nameplate combine that with a lower $A, lower budgeted wage and contract drill costs and some nice hits coming out of Suzy,plus budgeted 97.5% recoveries with >60% from the gravity circuit, development drives ahead of timeline, ventilation shaft in and running at only 20% capacity, ( ballmill running 30 ton per hour with 150Kw up its sleave) and I am happy to hold.
    My guess is they are adding >$4M to their Treasury each month, looking forward to the next quarterly report.
 
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