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54.5¢ doray minerals limited

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Davisite

10,813 Posts.

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01/07/18

17:03

Post #: 34067109
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Originally posted by smartdude ↑

Thanks for the link. LJ did not quote a $cost in that presentation however did mention that they were very constrained by a lack of capital and that primarily determined their ST decision. Since then a CR + excellent operating cashflows earned have reversed this problem. 500k ounces of high grade resource (8g/t) is a lot of $ revenue and the mill is there are ready to be recommissioned at little cost. I cannot see AW not being recommissioned by DRM.

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I have distinct memory of LJ saying the cost would be $15 million. Maybe it was another talk.

DRM Price at posting: 31.0¢ Sentiment: Buy Disclosure: Held
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