DRG are not checkmate but they need to wait until China's stockpiles of semi-soft coke are run-down. This COULD mean waiting until 2014 so a strategy is needed.
DRG have cash of $6.03m at the end of the last quarter and ran-down $715k over the quarter. That points to a cash burn around $2.85m per year.
There are problems in Indonesia and the company has pointed to certain factors needed to be addressed before proceeding.
South Mongolia is different and the semi-soft coke has been tested in Australia at m reflective - 6 and looks good. So that is to be the way forward when markets improve.
Meanwhile the directors need to find a new backer in Australia
mothballed situation
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