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33.0¢ demetallica limited

Ann: Corporate Presentation May 2018, page-19

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CashedUpBogun

8,331 Posts.

913

11/05/18

15:18

Post #: 33040564
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Originally posted by katy ↑

Seems management are encouraged by what they have seen so far and are keen to explore the entire Gullewa Greenstone Belt with hopes to replicate and extend discoveries to date. Deflector and close surrounds is proving highly prospective.

Another option considered for Andy Wells/Gwaneeda is advancing exploration. This could be done through a JV it would bring in funds and DRM could still share in any upside.
Or it could be a straight sale. WGX would be a likely candidate for either option.
DRM has consistently stated that management is considering a number of options which means these options are on offer.

Alloy are keen on advancing exploration at Horse Well, possibilities here.

And what we don't know is what offer may come out of left field.

To keep the SP on a steady rise we'll need more news flow or instos increasing positions.

Expand

WGX do have a penchant for crappy projects. . . .

DRM need laser focus on Deflector that corridor north-east, south west of the mine.

The rest, minimum expenditure or divestment . . . for the next two years.

DRM Price at posting: 34.0¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

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