If you do you research at this stage Hanna cost of mining is alot higher than DMLs. As discussed before this was part of the reason for Citi report citing higher production costs. Note DML are still to report these actual costs as they still ramping up.
MOD dicovery so far is limited in that DMLs tenemnet runs across either end of their strike, so if DML wanted this, probably better to just buy that section. No need to yet as DML needs to prove up more mineraliastion in that area for a new Plant.
So really why would DML want to meger with weaker partners when they still have plenty of area to drill and explore??
DML Price at posting:
$1.46 Sentiment: None Disclosure: Held
