DML 0.00% 1.9¢ discovery metals limited

300 million ton potential, page-13

  1. 1,895 Posts.


    "The results have extended the greater than 2% copper high grade zone in the centre of the Zeta
    resource from 900 metres to greater than 2,000metres in strike length at shallow depth."

    This is a great quarterly IMO - it shows the potential for the grades to increase, they are addressing the power isssues - which look like they will only have a year or two in which they will use generators, but with the high grade open pit and high copper price, I am sure this will be very profitable.

    As you said acka Plutus is still extending (with good grades) and possibly joins up with Petra. Q is looking good and they have a lot of ground still to test, so who knows what else is to be found yet.

    IMO its not a matter of are we going mining, but when will we be starting! This is cheap, but I am sure that the market will recognise this, we just need patience in the interim.

    DYOR
 
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