DRM 0.00% 33.0¢ demetallica limited

a broker also asks if rms is miner or investor, page-27

  1. 8,972 Posts.
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    "Any bet on what the resource upgrade will be? I will say 300koz @ 17g/t. DRM own only 80%. What they should do is start mining now."

    Only going to comment on this, since the rest of your post (particularly your flippant first comment) holds nothing of interest for me and this was the only content DRM related.

    I have no idea what the resource upgrade will be other than what I've already stated in other posts, that I expect two resource upgrades. An upgrade to the quartz vein high grade resource and an upgrade to the shear zone. The grade of the quartz vein resource will still be comparatively (to other companies) high, but the global grade of total resources will be diluted by the shear zone though meaningless as they will only mine that if it gets substantially bigger.

    Regarding: "What they should do is start mining now."

    I have discussed the many reasons why this is not a good idea before so not going to repeat myself. Mind you my reasons then were given on the basis of the current resource. Clearly if there is a significant resource upgrade tomorrow then they WILL start development.

    Cdchi1
 
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