DRM 0.00% 33.0¢ demetallica limited

Breakout Alert!, page-4

  1. 2,503 Posts.
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    ASIC are now $986 AUD, production at an annualized run rate of 75,000 oz.​


    Aust gold price now $1,759 per ounce, leaves a nice fat juicy $773 margin and cash flow of approximately $57,000,000 per year.​


    Allow for tax and profit around $40,000,000​


    Nice considering market cap only $131 million.​


    Almost trading at a P/E of 4....!!​


    Increasing volume today and a close above 0.30 will confirm the break out.​



    Cheers Lute​
 
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