DML 0.00% 1.9¢ discovery metals limited

trading halt, page-32

  1. 2,825 Posts.
    lightbulb Created with Sketch. 125
    Happy Hippy

    IMHO 35% improvement in copper production is irrelevant if cash cost are not significantly reduced(at least 100% from current level). At current cost of production the more they produce the more they loose. In other words they would save millions of $$ in the last few Q if they've put their mine on care and maintenance instead keeping production at big loss(Last Q it was $2 per each kg of copper produced).Why they haven't announced how much production cost have improved if any.So take everything they say with a grain of salt these days. Good luck anyway.
 
watchlist Created with Sketch. Add DML (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.