DRM 1.80% 54.5¢ doray minerals limited

Ann: Annual Mineral Resources and Ore Reserves Statement, page-7

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  1. 1,484 Posts.
    lightbulb Created with Sketch. 43
    Great annoucement!

    So the June 2018 Deflector reserve (combined Mes, Ind & Inf) stands at 762k ounces.

    I can see in the next 6-12 months Deflector hitting the 100k ounce PA output rate.

    That gives a 7-8year LOM based on that current reserve. Yes more drilling is required to sure up that (Ind & Inf) resource element, but it bodes very well for the future. And considering DaVinci is not even factored into this equation........ feeling very bullish.

    A half decent resource statement for DaVinci and I can see Doray well past 40c..... dare I say 50
 
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