Ann: June Quarterly Results Conference Call, page-25

I just browsed the Bell Potter broker report on DRM and the information in there and the price target do not correspond or add up. I believe even I can do better than that, with the EV analysis that many of you have now read, hopefully. There is no basis by which they gave the estimates and the tables of the financial measures also are not much that we do not already know. Thank you, @T.E.P. for sharing it nonetheless. I am only voicing my dismay at the lack of rigour in the broker's report.

That being said, I think DRM is looking to turn the corner. The Deflector mine has been delivering modest amounts of gold with copper credits that is allowing DRM to generate some cash and pay down debt. I anticipate that the market will come back to them notwithstanding the Andy Well mine.