Back of an envelope numbers....

Hi All

Just contemplating some rough numbers for feedback and discussion as follows:

Based on current copper production 2,000+ tonnes per month = say 25,000 tonnes pa @ $7,000 price per tonne = $175M in copper sales +Silver Credits say $15m = Total Revenue $190M. Less Mine Operating Costs $160M and Admin $10M (both adjusted from 2014 Financial Report) = EBITDA say $20M. At a conservative PE multiple of 5, this values the company at $100M or 5x current price without any further mine improvements or Zeta underground potential. I know it's early days, but DML seem to be on the right track. Constructive comments anyone.

KK