DRM demetallica limited

Ann: Andy Well Project Update , page-3

  1. 5,491 Posts.
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    Have any of the announcements told us anything we didn't already know. Seems the main story is a rich vein of 50-60g/t ore and all the updates are saying is yep it's still there. How do we get it out will be the interesting story without new capital. Live the sp and shares on issue though, plenty of room to move both procedure and cr wise without huge dilution. Am I right in thinking a mine could be built in the region of 60-80 million aud which would possibly mean an issue of up to 100 mil shares to cover sundries etc- still not a huge number of shares on issue if that occured. Seems something must occur before chapter 2 begins, as we ain't buildin nothin with 6 million in the bank.
 
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