DRM 1.80% 54.5¢ doray minerals limited

Ann: Quarterly Activities Report, page-11

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  1. 263 Posts.
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    Deflector was always a Copper/Gold mine and its ASIC is calculated based on both metals. If the price of copper increases Doray does better as well. Not sure why anyone would single out the copper credits.
    I don't believe DRM is increasing on the back of SLR but rather in tandem as both company's stand to gain in a rising gold price and given the merger is in play have to be viewed as a linked entity.  Both have organic growth potential and have returned good exploration results with more to come plus a healthy balance sheet to fund further activities.
    Combined the company will be nearing 240K ounce producer with potential to increase from within as well as participate in JV's. The focus is to aggressively grow the company.
    If anything the rise in SLR and DRM is held back due to the unfinished transaction. 


 
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Currently unlisted public company.

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