Not as impressed by the results as others. Given market cap, on an annualised basis the net cashflow (before debt repayment and exploration expenditure) makes the SP only fair value imo rather than undervalued.
SP drop today reflects this.
Only reason I'm hanging around is for exploration results and increased minelife. I still think based on the exploration potential, it is significantly undervalued. I might even buy a few back.
Cdchi1
DRM Price at posting:
73.0¢ Sentiment: Hold Disclosure: Held
