DML 0.00% 1.9¢ discovery metals limited

Hard to tell Lockinda, there was a couple of trades that looked...

  1. 1,895 Posts.
    Hard to tell Lockinda, there was a couple of trades that looked like the same person/broker on both sides. Amazing how many times each day or over a period of days you see a repeat of random numbers.


    find8, here are some Copper companies I have in a spreadsheet which are at a similar stage.

    Please note that these numbers may need updating or are incorrect.

    DML
    194M share @ $0.40 = $77M
    50mt @ 1.5%Cu.
    Est. cash cost - US$1.06lb. Open pit, most likely underground later.
    A large number of areas still to drill.
    Botswanna


    CGG
    1352M share @ $0.38 = $513M.
    77mt @ 1.3%Cu
    Est. cash cost - US$0.94lb. Underground.
    Still expanding deposit. Also has Gold Prospect/Project
    Saudi Arabia


    EXS
    284M shares @ $0.25 = $71M.
    51mt @ 0.84%Cu
    Est. cash cost - US$1.39lb
    Still areas open to drill. Plus 30 month Gold Project - Cash cost A$570oz Au.
    Australia


    MGO
    498M shares @ $0.20 = $99M.
    315mt @ 0.48%Cu eq + 352mt @ 0.43%Cu eq
    Large resource, will require approx $1B to get into prodn.
    PNG


    URL
    672M shares @ $0.024 = $16M.
    128mt @ 0.68%Cu
    Est. cash cost US$1.38lb
    Drilling to test extensions.
    Australia


    TGS
    354M shares @ $0.18 = $63M.
    9.5mt @ 1.4%Cu + 5.3mt @ 1.36%Cu
    Est. cash cost US$0.34lb
    Plan to drill extension of mineralisation.
    DRC


    You also need to take account of funding, likeihood of the deposit being mined and by-products......

    I would be interested in your comments.



 
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