SEEMS TIME TO GIVE UP, page-400

Perfectly valid points. Between DCN and GCY, there is a saving grace for DCN as there is more flexibility i.e. the higher grade underground ores are there to balance out the lower grade O/P mine. Yes the cost of U/G will be much higher and therefore how much DCN make money out of it is an issue which the management will have to focus on. From what I can understand, the new approach is to focus on extracting smaller amount of higher grade ores: how successful that is going to be, time will tell.

My hope is that with the extra fund, there is a lot more flexibility to extract the better quality ore and smooth out any snag that may come along the way i.e. mixed and match the grades to even out the qtrly production volume i.e. with standby ores that will smooth out any low ore extraction. A consistent volume and cashflow is how the SP will stabilise and move up.

Cheers.