DRM 0.00% 33.0¢ demetallica limited

Ann: Quarterly Activities Report, page-16

  1. 11,809 Posts.
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    Well, after reading through the quarterly twice, I am still not sure exactly what to think.
    U/G is now not going to be processed until 'the quarter ending June 30'. As they have the open pit stock piles. soo... they are def going to mining U/G, but.. not processing yet, so costs will be higher? As the open pit grade is lower, but production costs are lower than U/G..?

    The middlings value is already accounted for. Basically DRM was cash flow neutral with 2 producing mines....

    Andy Well will have another terrible quarter as the Judy lode is not hitting the grades expected...

    With an E/V of approx $200m, and neither mine technically making a profit, DRM does indeed need things to go very right for it to rise again.

    Very hard stock to value right now. Sentiment, hold the few shares I have and wait for clarity if it ever arises.
 
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