DRM 0.00% 33.0¢ demetallica limited

Ann: Doray to Present at the Diggers & Dealers Mining Forum 2016-DRM.AX, page-49

  1. 2,814 Posts.
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    Good comments, but it is pretty obvious what was behind the massive increase in AISC in the past quarter. The sustaining development costs shot up to $548 per oz. That is what happens when the mine plan is in a development stage getting into new ore with building drives etc. The market will get excited again when DRM pull back on the sustaining development and start getting benefits from their other cost cutting strategies. Plus the lower AISC from Deflector should soon start to make the numbers look really good. Opportunities to buy come around once in a blue moon and the challenge is to recognise them........... all other things being equal of course.

    Cheers
    Last edited by mainholm: 01/08/16
 
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