DRM 0.00% 33.0¢ demetallica limited

Goldminer of the year 2015

  1. 22,345 Posts.
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    Fundamentally DRM is looking good with the prospect, IMO,
    of being gold miner of the year again for 2016.
    Fundamentals:
    Mkt Cap.....................$324 mil
    # of shares..................308 mil
    Cash............................$56 mil
    Debt.............................16% of equity (low)
    AISC.............................$1280 AUD (likely to be sub $1100 soon)
    Prod..............................90K ozs P/A
    P/E...............................8 (cheap)
    Net Profit.....................19.83%
    Op Mgn........................20.64%
    ROA..............................12.55%
    ROE..............................17.97%
    (Please note: the above figures are all well and truely double digit)

    And from all this going forward we can reasonably guesstimate a NPAT of $40 mil
    or eps of 13c or $1.30 share price @ a P/E of 10.

    All this, of course, IMO; so please do your own research before investing.

    Should the POG hit and stay at $2000/oz AUD ($1480 USD) then this would
    obviously add another $27 mil to DRM's bottom line and lift the SP well
    above $2 (IMO)
 
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Currently unlisted public company.

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