DRM
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1.80% 54.5¢ doray minerals limited

This is a hard one to answer as DRM will pick up a premium by...

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  1. Davisite
    10,813 Posts.
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    30/08/18
    16:02
    Post #: 35300726
    This is a hard one to answer as DRM will pick up a premium by being a two mine producer. AW running at a reasonable AISC (lets say under 1250/oz) would add $100 million to the DRM MC (my very rough estimate).

    LJ mentioned at one point that $15 million needs to be spent getting AW back into production, but once that is done then the AISC should come down - the explanation given was the AW ore body narrowed down at the point they got to, but it opens back up again just below.
    DRM Price at posting: 35.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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