If POC rose by 10 cents, DML's fortune will change significantly. It will means for the first time ever, it is profitable (c3 is an additional 50 cents approx on c1). all indications seems to point towards higher POC. due to the incorrect assumption/changing scenarios of copper inventory levels by most analyst late last year.
the company is going the right direction to try to bring the costs even lower. if C1 is brought down as planed to 2.30, we can develop Zeta without a very dilutive capital raising later in the year or even the upcoming 15% placement or we might even be able to go to the lenders for more funds.
We shall have to patiently wait for another 2 weeks to find out the may production figures, outcome of sedgman settlement and the presentation in Africa by one of the directors.
Although we are not out of the emergency yet, things are definitely looking very exciting atm.
GLTA
DML Price at posting:
3.2¢ Sentiment: None Disclosure: Held
