It's probably less about the $1.89/lb and more about where does ore come from beyond mid 2015.
DML has been unable to raise the $90M needed for the underground, and with prices where they are, are unlikely to in the near term.
This announcement enables DML to begin cutting back operations at Boseto, and in particular, to begin transitioning the local workforce out of the business in an orderly way rather than leaving it to the last minute.
- Forums
- ASX - By Stock
- Ann: Review of Boseto Operations
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Currently unlisted public company.
The Watchlist
P.HOTC
HotCopper
Frazer Bourchier, Director, President and CEO
Frazer Bourchier
Director, President and CEO
SPONSORED BY The Market Online