All the boxes are now ticked:
1. Completion of the BFS
2. Made FID to go ahead with the project (Final Investment Decision)
3. Secured financing $55m development and construction
4. All contracts in place for construction to begin
5. 12 months transition from gold explorer to gold producer
Bonuses:
1. Right experienced team in placed... new management roles are all ex-Dominion Mining (now KCN) and ex-Avoca (now AQG)
2. Experienced board, Allan Kelly (ex-Avoca & ex-WMC), Heath (ex-Harmony Gold) and Peter Alexander (ex-Dominion CEO)
3. Doray to move from 80% to 100% ownership of Andy Well permit (mining lease and native title secured, this covers Wilber Lode and the Judy Zone)
4. Judy Zone upside can double Andy Well JORC Resources
I had IGR and RMS twelwe months prior to becoming a producer... and they both flew during the 12 months...
This was the same effect for me, when I had FML, Conquest Mining, North Queensland Metals.
Where to for Doray? Upwards and only upwards.
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