DML
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0.00% 1.9¢ discovery metals limited

Hi,Please correct me if I am wrong, but has DML has sold more...

  1. joelbaby
    1,739 Posts.
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    14/03/13
    20:50
    Post #: 11540193
    Hi,

    Please correct me if I am wrong, but has DML has sold more ore than it can produce, and what are the implications?

    The Quaterly report to December 2012 says forward production is hedged as follows (I assume hedged = sold):

    Jan - Mar: 7,961 tonnes Copper + 256,560 ounces silver

    January actual production: 1,262t Cu + 52,786oz Ag
    February actual production: 1,529t Cu + 63,024oz Ag

    Shortfall = 5,170t Cu + 140,750oz Ag

    What happens if they don't produce this shortfall during March?
    DML Price at posting: 63.0¢ Sentiment: None Disclosure: Not Held
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