DRM 1.80% 54.5¢ doray minerals limited

They still have quite a bit of the hedge to work through so we...

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  1. 10,813 Posts.
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    They still have quite a bit of the hedge to work through so we won't see as much as we will see next quarter. It really depends on how much of the hedge they pay down this quarter.

    Let's be conservative and say DRM produces 80k oz at a margin of $700 for FY18/19 - that equals $56 million. The MC is looking very cheap if the turn around is real.
 
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