Keep hoping!
DML has not provided any relevant information to the market to allow for proper analysis. Most Juniors will in fact not provide adequate information but rather only information that suits their purpose. Why punters believe that internally produced paper studies will actually materialise is truly remarkable - it is all down to marketing. Juniors are past masters at marketing (less good at executing as promised). An entire broking industry has been developed to market and sell the story.
There seems to be a "Trust Me" mentality.
Getting stuff out of the ground and then extracting the metal is a difficult exercise. NPV valuations are only appropriate for steady state operations. Mining stocks aren't fixed income securities!
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is capital rising still on the cards?, page-18
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