DML discovery metals limited

what's in store for dml

  1. 435 Posts.
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    there is a recent article in theage titled 'Analysts reassess after iron ore 'flash crash' published 13/3/14. it gave a pretty good insight on the price and outlook for copper and iron ore.

    http://www.theage.com.au/business/markets/analysts-reassess-after-iron-ore-flash-crash-20140313-34oz9.html

    In particular, it mentioned the current copper price of us$2.96 with forecast of us$3.10 for the rest of the year.

    the last DML presentation indicates that the current price of us$3.52 with possibilities of bringing it down to us$2.32 following improvements to site costs improvements and copper production units. so as quarter 1 of 2014 is drawing to a close, there is a real possibility that we are actually already cash flow positive now despite the low price.

    GLTA
 
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