now hear this

Dominion……….Now Hear This !

When buying any stock the following should be considered.(in priority order)

1 Experience of directors.
DOM directors have been associated with the company for a total of 67 years

2 Reputation of directors
Directors set the bar at the highest level for excellence in company performance in all areas.
Ie, excellence is the company culture.
Chairman is involved in the St James Ethics Centre

3 Do the directors have monetary commitment ?
Yes …..an 11 % holding………and 1 % in the money options

3 Does the company have a history of finding orebodies ?
Yes………Pegasus mine ? Cosmo Howley, Yakabindie, Challenger.
Is there a history of sidestepping problems ?
Yes…..Yakabindie…….considered technically difficult to treat
Yes…..Hellyer………… “ “ “ “

4 Do they have a current orebody ?
Yes…….Challenger

5 Are there other developments coming on ?
Yes……..41 by my calculation in various stages of exploration.

So now the company has 5 ticks we move on to considering the income generator.
The Challenger Mine.

The directors have announced a target of 500 000 reserve oz of gold by June.
Probably will be reported mid Sept.
By my calculations they could easily report 600 000.
100 000 oz could come just by relaxing the assumption that the POG is A$ 500 per oz……….see what happened to LHR reserves when they lifted their POG.

But they are SO SO SO conservative that when the ounces go into reserves they are heavily defined out of existance by top cutting.

But all is not lost because a DOM oz of reserve gold is bigger than normal. When gold produced and is reconciled to budget reserves you find it was 42 % bigger.

So I cast around looking for assurances that this gold bonanza will continue.
Where can I put my faith ?
The directors can’t tell us because the shoots haven’t been drilled.

But they do hint in their PDF presentation on the home page of their website that all is well.
M1, M2, M3 shoots all show an arrow expanding the shoots at depth.
I ran across a SBM Gwalia Deeps presentation to brokers and it is my contention that DOM Challenger mine will extend down to these levels.
The difference being that Challenger will be profitable all the way down.

In other pages in the presentations I see the DOM culture coming through.
DOM is positioned in the tables as lowest cost producer/attributable oz.
And highest gross margin / per oz.

If you go to the animation of the Challenger Mine it is a feast for shareholders eyes.

Geologists tell me that IF more gold is found within sight of the headframe it statistically is about 150 % bigger than the original find.

The M1 M2 M3 shoots look to me like having a halo of additional shoots being confirmed in the fullness of time.

In the animation at the 4.52 minute mark they have shown extra open pit possibilities off in the background. They have possibilities in my mind of shoots under as well…..why not ?

So there are some drivers……..Future shoots
Future Depth
Oversize Ounces !
That’s all for now
I could go on for page after page.