worth a little research

On Monday I had hoped to post on DRM but their trading halt made the exercise pointless given they intended to release new drilling results by Wednesday. Today?s ASX announcement confirms it is open at depth & continuity of over 150 metres of strike.
Certainly worth some research .
Original Post:
Many of us may have forgotten about DRM, but I would expect it is close to giving us an update on its most recent drilling.
Below is a part summary of their AMEC Presentation on June 1 2010.
_ Listed on ASX 8 Feb 2010 ($4.7M IPO)
_ Completed $4M placement @ $0.60
ASX Code DRM
Shares on Issue 55.08M (14M Options)
52wk SP range $0.15 ? 1.10
Market Cap $33.05M (@$0.60)
Cash in Bank $7.1M
Major
Shareholders
Directors/Management 22%
(Top 20 hold 57.6%)
Their Team:
Managing Director
Allan Kelly
17 years exploration experience
Ex Avoca and WMC
Technical
Director
Heath Hellewell
17 years exploration experience
Ex Independence and Resolute
Andy Well Results:
High grade quartz lode
Meekatharra North:
_ Exploration Target
with potential for
significant high-grade
gold deposit
(see appendices)
_ 65km from Bluebird
mill (3Mtpa) via major
highway
_ Completed first
programme at Andy
Well (10 holes)
defined over 200m strike
_ Spectacular grades
_ 10m @ 34.4g/t (MNRC001)
_ Incl. 2m @ 125.31g/t
_ 5m @ 58.73g/t (MNRC001)
_ Incl. 2m @ 131.09g/t
_ 7m @ 67.77g/t (MNRC003)
_ Incl. 2m @ 217.26g/t
_ 2m @ 28.50g/t (MNRC004)
_ 4m @ 22.64g/t (MNRC006)
_ Incl. 2m @ 35.95g/t
_ North plunging and open
Southern Zone
_ 8m @ 13.9g/t(MNRC009)
_ incl. 2m @ 51.1g/t
_ 4m @ 9.20g/t (MEKI131)
_ Numerous other targets
_ Follow-up drilling
Commenced
The Prize:
Great Fingall
_ 1.2Moz @ 20g/t
_ High-grade quartz reef
in differentiated ?Great
Fingall dolerite?
_ Similar footprint to
Wilber
_ 1.1km depth
Why Invest in Doray:
Well credentialed explorers with extensive
experience and $7M cash in the bank
_ Portfolio of high-quality, under-explored gold
projects with multiple opportunities for success
_ Exposure to strong gold price and proximity to
emerging projects
_ Immediate news flow ? EARLY SUCCESS
The above summary of The Doray Presentation is why I continue to accumulate, excellent initial results with very high grades in very prospective area with proven management team. If subsequent results can repeat these results then I would expect the market to give Doray a significant rerating in the short term.
No investment advice given please do your own research.
Regards
Buffett