The advantage that DML has got at the Maun Project is that they...

The advantage that DML has got at the Maun Project is that they can produce from several open pits at once. THis will allow them to keep their strip ratio down in the early years of the operation and that this enhance their cash flow. The report that DML had done by Snowden stated their overall strip ration would be 6:1 which is pretty good if you compare it to African Coppers proposed pit which is 13:1. DML should be able to do better that 6:1 strip ratio in the first 2 years of their open pit by going along strike with the pit rather than deeper. This will keep their chas costs down. Either way there is a lot of upside in the project and especially given the recent sell off in the market. All the analysts are tipping DML to be 60-70c in the short term so at the current SP of 35c its a good bet.