DML 0.00% 1.9¢ discovery metals limited

Ann: Quarterly Activities and Cashflow Reports , page-10

  1. 349 Posts.
    re: Ann: Quarterly Activities and Cashflow Re... Not getting mine.. From what i could see the quarterly seemed very encouraging. Mining costs seem good for this stage of ramp up.

    also few lines really stood out to me.
    "September, copper production at 45% of design rate generated revenue of US$11.6m and yielded the Company’s first positive cashflow month."

    "current debottlenecking tests indicate the potential to increase throughput to between 3.5 Mtpa and 4 Mtpa without significant additional capital expenditure"

    "Mango may offer sufficient Mineral Resources potential to allow the development of a completely separate copper project in the area."

    Sorry but CFC has to be joking that shareholders would except 1.70 when there is clearly massive upside in DML.
 
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