re: fat profits

Hi larkster,
Dom plans to produce 100k plus ounces from the M1 shoot this financial year.
They have mined down to 900 metres so far and drilled to the 820 level with outstanding grades continuing to show up and the shoot is still open at depth.
The M2 shoot is being tested and although not as wide,the grades have been as good as the M1 shoot.
Reserves for M2 and M3 will be incorporated this quarter into total reserves so far....so expect an upgrading in reserves which wil boost the SP.
Dom is confident of keeping reserves at 300k of gold.
That's 3 years production at probably around $300 an ounce....that's without finding anymore...which they will.
The so called orthogonal structure which runs parallel to the main shoots has hit on some nice grades though narrow,but if you look at the diagram,they have missed the thick seams.....Dom's theory it's the same structure as the other shoots...being the case it could have significant potential.
The mine diagrams show how those structures repeat...time and time again at depth...oohh if mining gold was so easy!...this pit is!
Wongan hills could be anything with nice grades of copper with gold also in the mix.
Relatively sparingly drilled i think once they get into it the resource will be shown to be a company maker.
Dom's management are very light on blowing their own trumpet as you can see in their announcements...but results speak for themselves.
Fat profits recently recomended them...and i'd say they would have spoken with management about the future.
They sound very upbeat about the coming exploration this financial year and must have been briefed accordingly.
That's why i'm in again....they hit a high of $1.60 and with good results expect this to run higher.
With only 100 mil shares...plenty cash...and more rolling in for at least the next 3 years plus exciting news will make the SP move fast.
Being debt free..low cost....there is no downside here.