DOM dominion mining limited

I really don't see what all this aquisition discussion is all...

  1. 13,293 Posts.
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    I really don't see what all this aquisition discussion is all about.
    Why on earth would they look at the assets of a failed company such as croesus...they went under because their assets were too expensive to mine.
    So that's definately not on DOM's agenda.
    Challenger definately is....the M1 the deeper it goes the better the grades look and the M2....the more they delienate the structure the more the reserves get revised upward.
    The M2 structure,in their own words is turning out to be bigger than the M1.
    The more holes they drill the higher the reserve goes up.
    In my opinion DOM has their hands full with Challenger...it's huge....their exploration is just starting to scratch the surface here.....they now have 8 shoots to work on...previously there were 6 in the M2 and the closer they drill the holes the higher the grades are getting.
    DOM management were not only talking about spectacular M1 results...the M2 was more spectacular.
    It's both wide and open at depth....and they are just getting serious about drilling it now....because they are excited about what they are finding.
    Believe me you guys this mine has years in it yet,they have their hands full mining challenger alone.
    Aquisition talk?.....pure rubbish.
 
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Currently unlisted public company.

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