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Ann: Doray Minerals and Mutiny Gold to Merge, page-21

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4,485 Posts.

28/10/14

15:50

Post #: 14194572
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Originally posted by barret81 ↑

Going against the crowd here - I reckon the deal is pretty good.

So many time you see companies merge / buy assets that create a larger less-profitable operation. The combined DRM-MYGwill bemore profitable.

I think the attractive thing about Deflector is the exploration upside. Unlike Wilber systems that are quite small, the Deflector gold/Cu system is a lot larger and stupidly under-drilled.

Yes polymetalic orebodies are more complicated which creates more risk but TJ and DRM management are dam good operators so there is a good chance they will be able to pull it off.

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Agree, the exploration upside is very good considering the grades they have encountered & its open at depth etc. But also agree its all about the metallurgy. It's a pretty well known issue so you would think they have done their homework in this regard.

MYG Price at posting: 4.0¢ Sentiment: None Disclosure: Not Held

DRM Price at posting: 41.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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