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Barolobill

7,788 Posts.

189

14/05/17

14:49

Post #: 24677619
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Originally posted by speculator101 ↑

I pretty much agree Bara, DRM has been written off.
Without doubt their exploration budget is large compared to their market cap, but.. more unique I think is that they focus so heavily on green field exploration. Other than the juniors, no gold miner is doing this.
To date it has only led to Gwaneeda discovery, but...

With Mt Fisher finally seeing its first drilling program with 16,000 metres, and they continue to drill in S.A. Results due any time (8-10 week estimate back in March), but could be late due to the bad weather, although I would have thought that with so many holes, early results could be this month.

A shame DRM did not provide more info on the Mt Fisher drilling program, but RXL did provide some. Here is a combination of the two companies releases.

View attachment 577434

Perhaps Alan Kelly decisions exploration wise will assist the company over the long run...

@kyngdominion - Without doubt over the past 2 weeks, DRM has seen some steady accumulation. So many negatives are priced in that, at least for me, DRM is a good risk/reward proposition.

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According to RXL, 12,000m AC drilling is complete at Mt Fisher, with results due in about 2 weeks. Would be nice if something promising turned up here. under the JV they needed to spend $1mill by June 30th.

DRM Price at posting: 31.0¢ Sentiment: Buy Disclosure: Held
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