I feel it would be sad for Doray to be bought out at around the...

I feel it would be sad for Doray to be bought out at around the current market cap , as I feel the mill at Deflector has many more years of profitable mill feed available to it , than the current 4 year LOM would suggest .

That LOM is not including Da Vinci which by my rudimentary calculations although very high grade with wide intercepts only has about 3 months of tonnage (100,000 tons by my calculations ) for the mill , using a block model based on the drill holes 45,51, 49 and 52 , obviously Da Vinci is open along strike and down dip however that open area can not be included in the mine plan


I wonder if the lack of recent hedging by Doray is also an indicator they are thinking about selling , seems strange not to hedge more at such a high $A POG .