broker's morning report talking about DML(announced yesterday)
Morning Report\
Interest returning to the copper juniors; value in the producers.
TGS CONVICTION BUY, DML TRADING BUY
Today’s Top Picks.
Interest returning to the copper juniors; value in the producers.
Discovery Metals’ (DML.ASX) share price has been battered over the past month with the withdrawal of the Cathay Fortune bid and operational issues at the Boseto Project. The market had been concerned with DML encountering a greater amount of oxide than sulphide ore whilst mining and question marks arose concerning the reserve integrity and eventual mill performance. The company recently stated that recovery in January was 80% for copper, and that “ore quality continues to improve as the mine moves deeper into the sulphide zone.” We cannot help but note the similar issue of the oxide-sulfide problem that Equinox Minerals faced when it commissioned its Lumwana mine. Therefore, with improved weather conditions and the improvement in ore quality we expect to see a more positive production report in coming days which could serve as catalyst for the share price. TRADING BUY.
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broker's morning report talking about DML(announced...
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