DRM 1.80% 54.5¢ doray minerals limited

Ann: Annual Mineral Resources and Ore Reserves Statement, page-9

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  1. 546 Posts.
    lightbulb Created with Sketch. 97
    A big thankyou and well done to folk that work to bring this resource statement together.  

    Headline: "Deflector Mineral Resources increased 34% after mining depletion to 762,000 ounces of gold, with the average grade increasing by 38% to 8.6g/t of gold"

    I particularly like the cost per ounce added at only $25.
    Agree with Timbin 4, mine life looks like 7-8 years.
    FY19 $10M exploration budget will be able to really test this land package.  
    June quarter must have been a cracker +22K ounces.   AISC is certainly below $900.

    I can see why LJ is saying 100K ounces production YoY is quite achievable.
 
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