expansion and bottlenecks

Hi all,

A few thoughts…….

To assess DOM you must pick up the table figures and make your own spreadsheets.

Scan the figures……….look at the trends.

Production at 102056 t…..add back low grade growth in stockpiles of 7000 t ( 3 month)………..this total is up over 25 %………and all this is happening in a mine that is hauling up from lower levels !

Costs are holding pretty constant so there must be more equipment in use (or more efficient)

Quantity of ore processed is climbing back up to the heady days when they were treating open pit ore which is softer (so easier)…………so there is quite an achievement here !
Give the whole workforce a round of applause !

The implication is therefore that a second crusher will be utilised to avoid a buildup of stockpiles.

I note that the Challenger West Pit is now called the Challenger West Shoot.
Perhaps this is a harbinger.
It is the DOM style.

I note that the Challenger Deeps 430 rl drill results were a little disappointing……( ave 12.9 g/t )------but they were better (19.6 g/t at the 400 rl) lower down.
So I take comfort from note 3 to the resources statement.

The directors still haven’t moved the goalposts to make life easy for themselves.
Ounces still only go into reserves at the price of A $500 per oz.

So much production
So much reserves………and more to come.
So much profit.

I think I sniff an increase in the dividend.


PS There is a new wave of “investors” that are about to come on board.
The chartists have found DOM
Makes you wonder where they have been sleeping for the past 4 years doesn’t it !

They should have an effect though…………there are so few floating DOM shares to go round.