DRM 1.80% 54.5¢ doray minerals limited

Ann: Quarterly Activities Report, page-9

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  1. 11,185 Posts.
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    Really lifting my eyebrow at the claim they will meet AISC for the full year.

    It's how much momey they make and how long they expect to make money for that determines value. Still paying off debt in 2019 after $25 million in capital raised in 2018 and Deflector mine opening in Oct 2016. 27 months of operations and the company is still in the red with raisings and asset sales. This doesn't rank as a complete failure but it's not that far from it IMO. Gold price breathing life into a number of trash stories IMO.

    I'll be filing this post away to see if they really meet this costs target or if it's just more hot air. Esh
 
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