DOM dominion mining limited

safer than the banks, page-66

  1. 1,529 Posts.
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    Hi nk,
    Just to clear up your points.

    DOM is finding additional ounces at a cost between $15 & $20 per oz.

    In the Challenger mine there is very little low grade.
    The orebody is finite and doesn't dilute at the edges.

    DOM actually uses the figure of $500 per oz as cut off.....anything that turns out to be more payable than that is OK by them (and me)

    You may not believe this but you should forget gold and the bull market.....anytime gold gets above $780 US , gold at the moment is a sell..........so DOM and others will hit it.

    But you are right about DOM and industry consolidation.
    DOM will still be around when approx 500 mining stocks have been wiped off the board.
 
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