Ann: Doray Increases Strategic Land Position , page-7

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  1. 2,267 Posts.
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    unawares.
    Maybe you should look at the SLR thread .22/6/2013 post 9455816 by 5shareholder.
    It explains the price of gold and the all in costs.
    Some of the high lights .
    Lower grades , Deeper deposits ,increased energy costs ,rising labour costs, consumer inflation ,and intricate and expensive infrastructure. These are some of the reasons they suggest the all in cost has gone up
    You will note DRM has hedged the first years gold sales which will in turn make them dept free at the end of the hedging programme .
    The current price of gold does not effect DRM at the moment
    The deposit is high grade .
    The deposit is close to the surface.
    They will own all the brand new infrastructure .
    These are some of the reasons that I think DRM is now on the radar of many new investors ,a strong buy I would suggest.
    As for China The new leaders are taking the very responsible route .They realize the cheap credit has gone to far as have the USA and the British .
 
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