DML 0.00% 1.9¢ discovery metals limited

Getting up to 300Mt would be nice but that will not affect the...

  1. 141 Posts.
    Getting up to 300Mt would be nice but that will not affect the NPV as much as increasing the grade of the deposit. The Maun resource DML has is 46Mt @ 1.4% Cu equivalent (adding in the value for the silver mineralisation). Many of their recent drilling announcements had copper grades over 2% Cu. When they announce the new resource for Maun what I am looking for is the grade to go up. Even a 0.1% Cu increase to the overall grade has a very significant impact on the NPV. If DML can get their mineable resource up by 0.2-0.3% Cu that would be a major boost for the project. Already it is higher grade than what most of the Aussie Copper hopefuls have (most of their resoures are sub 1% Cu). Add in to this the fact that Mac Bank today raised their copper price forecasts up to US$2.5/lb in 2011 and it all looks good for DML.
 
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Currently unlisted public company.

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