re: Ann: Doray to Present at Mines & Money Lo...
personally I do not think their income stream is going to be reduced much as the mill is compensating for the drop in POG by running at >20% above nameplate combine that with a lower $A, lower budgeted wage and contract drill costs and some nice hits coming out of Suzy,plus budgeted 97.5% recoveries with >60% from the gravity circuit, development drives ahead of timeline, ventilation shaft in and running at only 20% capacity, ( ballmill running 30 ton per hour with 150Kw up its sleave) and I am happy to hold. My guess is they are adding >$4M to their Treasury each month, looking forward to the next quarterly report.
DRM Price at posting:
58.0¢ Sentiment: None Disclosure: Held