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.
- Forums
- ASX - By Stock
- DRM
- Ann: Quarterly Activities Report
Ann: Quarterly Activities Report, page-16
-
-
- There are more pages in this discussion • 24 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
NEWS
Breakthrough programs slash healthcare events, driving a significant A$1.8M+ annual revenue boost