Dragues has potential with the correct management as they all do, I would most likely not sell Dragues now as the $10 mil you get for it would most likely be best left in it. Should be able to make it work even if they can't fire on night shift etc, it is just the matter of getting a groove on with firing times and noisy work. It will never be a major producer but if it can make $20 mill a year stress free so be it. Peak and Hera both have dirt, geology is fine and I bet there is lots of good grade between the 2 it is just a matter of proving it up and mining it.
My issue is not with geology or the mines as such, it is the fact the existing mines are running unprofitable with dirt at arms length. How is raising capital or selling the mines going to change anything.
I can't see Aeris, DVP or Rio Tinto going to change this without actively managing these mines and getting them running correctly. Shareholders cannot just keep putting cash up every time they have a bad year.
AMI Price at posting:
16.0¢ Sentiment: None Disclosure: Not Held
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