Great great news.
Just what I was waiting to hear patiently. Been few months now.
As they say just what the doctor ordered.
And a big thank you to the big boys & girls who were playing games here for quite a while.
You sharks did a great favour to me.
I can't thank you enough letting me pick up all the way down to as low as 29c.
Although I did picked up some at 27c before the previous quarterly report.
Thank you Thank you Thank you.
Now DRM guidance is roughly 95-100K ounces(including copper credits, we got a bit of copper play here as well which is rising, currently AUD $9600/tonne) at a AISC cost of 1100 roughly. Very nice.
Roughly $40-50 million net profit a year for a market cap of roughly $ 120 million ( Cash & Debt Reconciled)
Andy Well Re-start or Sell a bonus.
All that means to me very little downside...in fact there is no reason to sell at 30c unless one is playing that scary game. I have to be a little more patient to see 40c+ at which point I will start selling some, although I believe DRM will see 5 handle if this today's announcement come to fruition.
A good quarterly report is on the way..........I think it will see 4 handle after the release of the June quarterly report.
I can hear chi ching chi ching $$$$$$$.
Don't be fooled in selling cheaply or too early.
My biggest mistake have been almost always selling too early and of course some selling too late.
All the best guys
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