Mistroo, I think you will find Healy brought into DML in the 20s only last year, so he has doubled his money. Not bad.
You could not say that DML is not progressing, in the last 12 months they have increased there Copper Resource from 20.1Mt @ 1.2% to 46.1Mt @ 1.3%. They are currently infill drilling Zeta as well as drllling in the SW area of Plutus, which will probably further increase there Resource.
They are carrying out a initial mine planning for an open pit operation at Zeta. Pre-feasibility Studies are underway.
They have already had a study done 12 months ago which had estimated with copper at $1.50 it was viable and since then they have substatially grown there resource.
New areas are being targeted, such as the recent 3 holes drilled in the Quirinus prospect, which has so far displayed mineralisation along a 1.5k strike. This is to be followed up with further diamond drilling.
This is definitely not a company that is being slow in progressing. Especially for a company with capitailastion of under $70m. Plus they have the Nickel.
DML Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
