winter production numbers, page-5

Good point pacyf.

I had a closer look at last years March quarterly report and relating to the Svartliden plant it did state:

'Production was lower than expected due to problems associated with a planned stop to install a mill grate discharge to improve grinding performance. Though Metso, an international equipment supplier was contracted to supply and install the grate discharge, it did not perform as expected. The plant was shut for two weeks while the mill was reconfigured back to an overflow mill.'

A 2 week shut down during this quarter would have impacted production by around 1,600oz.

We can only hope that plants have operated without problems this quarter which maybe a big ask.

This time 08 the Svartliden plant was producing 7.4grams per tonne and 2009, 4 grams and last quarter 4 grams. Any small increase in grams per tonne this quarter would be nice.

I still think 20,000oz assuming no plant problems is certainly achievable this quarter.

On another note:

Trading today again produced a big gap between bid and offer and showed signs of selling resistance around the mid to high 8's with the exception of a seller persistent on selling into large buy orders regardless of the next competing sell price.

I see TAM announced today that Allied had provided a $37m loan facility to carry out the purchase of a $22m Newmont asset. I'm sure many of you think I'm looking into something that doesn't exist but Allied seem to be taking an interest in gold mining and with almost a 50% holding in EUG I just wonder..... is there an indirect interest in DRA.

After today's pathetic performance DRA's market cap is a ridiculous $60m.

I'm now looking into DRA's reports trying to find the thing we're all missing but I can't see any problems except maybe reserves could be better and it would be nice if our directors had more invested in DRA.

At $60m market cap, unhedged, cash flow positive and the value of assets I would not be surprised now to see an offer put on the table. Probably wrong but remember a 50% premium today puts us at 12c the SP of only 10 weeks ago - would feel ripped off at that.