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.
DRM Price at posting:
92.4¢ Sentiment: Buy Disclosure: Held