DML discovery metals limited
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deutsche bank initiates coverage-target $1.10

  1. gocu
    597 Posts.
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    17/03/11
    14:15
    Post #: 8069672
    Deutsche Bank initiates coverage-target $1.10 HOLD

    They reckon that the resource expansion is already priced in.

    Assumptions are 35ktpa copper - cash cost US$1.48 per pound net of silver credits.

    How Deutsche gets $1.10 and their Euro mates UBS get $1.90 is beyond me!!!

    DML Price at posting: $1.01 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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