DML discovery metals limited

high c1 cash costs

  1. 33 Posts.
    Is it just me or is DML not seriously addressing the issue of high costs? Average costs of US$3.69/lb for 6 months to Dec '13, where copper was around US$3.3/lb. Compare this to BFS costs of $1.28/lb of copper. I havent accounted for silver her as Im not sure of the silver weighting in the cash cost.



    I think the problems stems from the variance between the grade control resource model and the BFS resource model.



    They have known this for a while now and are still TALKING about a new resource model. It sounds like they have "given up" and will keep going with the pit as is, and fast tracking Zeta UG in the hope of higher grades?

    Rookie Investor, DYOR
 
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