It was one of the highest grade base metal mines when operating in the 1970s-1990s, which were pretty bad times to be a base metal miner. IN 2019-2020 HRR built a brand new plant and spent a lot rehabilitating the underground infrastructure and developing it before Covid, bad management, debt and a dubious attempt at tailings re-treatment got them.
If people are long on future Cu Zn and Pb prices (as well as some AG and Au credits) but don't want to hold a mine that's currently operating and losing money depleting their own resource in a profitless futile exercise, then this is worth considering. Bill Beament seems to think somethings gotta change....
The comments about not including the recent new ore lenses in the scheduled 2024 Reserve Update must mean that Bill dosen't want to drop a s&*t tonne of money on underground drilling, until he sees a massive step change in sentiment change in base metals and maybe the market in general? What do others think? The new lenses are substantial and will need a fair bit of drilling to bring them into the reserve so is this just a cash preservation thing?
Ann: Discovery of extensive high-grade mineralisation at Woodlawn, page-34
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add DVP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.36 |
Change
0.060(2.61%) |
Mkt cap ! $640.1M | |||
| Open | High | Low | Value | Volume |
| $2.30 | $2.37 | $2.29 | $664.5K | 285.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 421 | $2.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.36 | 11337 | 3 |
View Market Depth
| Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
| DVP (ASX) Chart |