Do you know how many historic pits have actually been mined at Mt Magnet and how many of these still have potential to be exploited by open cut and underground methods. Have you compared the gold endowment of the Mt Magnet camp (both previously mined gold and gold in resources/reserves) to these so called EL's you want me to research. Have you seen how the company has reinvented the camp at Mt Magnet to exploit the previously little exploited porphyry deposits and how they continue to explore the potential of such deposits while still monetising the mainstay BIFs.
There is more to holding a gold producer "as investment grade" in one's portfolio than having some obscure blue sky potential. It's about the strength of their balance sheet, the deftness they have in identifying mining opportunities, acquiring them, developing them and monetise them. So far DRM has failed investors. RMS has not failed them since acquiring Mt Magnet. Why keep supporting these laggard stocks based on a jawboned turnaround story. What's so attractive about production of 65koz gold and a few thousand tones of copper in a patchy grade mine?Esh
DRM Price at posting:
32.0¢ Sentiment: None Disclosure: Not Held