quarterly report, page-9

The one comment that basically sums it up is:

"Mining competed during the quarter were generally consistent with predictions."

Let's not forget that predictions have nothing to do with the original mining plan which at this point had Cu grades at circa 1.3% and Ag grades at 20 g/t.

The other issue is that management has:

- reduced the level of detail regarding the mining of ore, including where it is coming from;
- provided limited detail has been provided regarding the C1 cash costs, so there is no way we can work out where, and if there are any savings being made;
- now started the classic miner in a death spiral of capitalising mining costs. From a cash flow perspective, considering mining costs are being capitalised, the costs are significantly higher than reported;

Other miners provide full details of cash costs, and yet DML are refusing to provide this information. How is the market able assess the performance of the company to come to a reasonable share price for the purpose of a transaction if management are not providing the necessary information.

Management has not changed its attitude to shareholders, and continue to treat us with contempt.