According to their annual report, late March 2003. (Report from September 2002) Open pit 108,500 oz over 22 months; expect cash profit of 49% of A$25.7 m @ $A550/oz; this is 1.3c/share/annum. Underground 510,000 oz over 8 years; costs aabout the same or less.
Note that I calculate their total costs/oz at about A$310; any rise in POG in $A terms is a bonus. At A$600/oz, I estimate a profit of 1.7c/share/annum.
I've got a reasnable number of DIOs, and wish I could afford more!
PS. Note the company is debt free and hopes to stay that way.
DIO Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held