I googled DML and found this...

I googled DML and found this at:

http://www.miningbusiness.net/content/botswana-miner-discovers-loss-0

It is a few months old but reads as reproduced below.
I was under the impression that their hedge book is considerably in plus. Request some feedback a member who has gone thru the 6 monthly report in detail.
Thanks !


GABORONE, Feb 19
Copper miner Discovery Metals has registered a disappointing set of half year results underlined by a $US32.685 million loss for the period, which included the mark-to-market loss on the hedge book.
Even without the hedge book consideration, Discovery doubled its group loss, which it said was consistent with “ramp up in activity, manning and costs by the company” as it began production at its Boseto copper mine in northwest Botswana last year.
Those increased costs include financing fees, increased “offsite support” for the project, and higher salaries.
The mark-to-market loss on the hedge book was worth $US18.1 million.