DML 0.00% 1.9¢ discovery metals limited

Ann: Update on Voluntary Suspension , page-13

  1. 172 Posts.
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    Quite the glass half empty there Khaliqs.

    Current copper price of $3.12 / pound not fantastic, but not a disaster either. Still above 3 year lows, well above GFC lows. Above BFS assumption too i think. Hedging in place at excellent levels as you note.

    An offer of 75c may be best there is, but that would only be a result of spineless banks and poor capital management. DML is a high grade project, and your estimate for value of Boesteo is 2.5x lower than valuations end of last year. hope the outcome is better, but yes i am an optimist

 
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Currently unlisted public company.

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