DRM 1.80% 54.5¢ doray minerals limited

"If Leigh could bring that AISC down to $1300-$1400 then I think...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 23,765 Posts.
    lightbulb Created with Sketch. 258
    "If Leigh could bring that AISC down to $1300-$1400 then I think it's worth keeping and starting up again!"

    But why focus on a $1400 AISC AW mine (before corporate costs so lowers margin even more) when he can focus on Deflector or a bolt on mine where the profit margin is probably 3 times as high per oz ?
    Your suggestion of two mines however does bring up an issue , Leigh only has so many hours in the day and while he has a decent management team , I do wonder how much help he gets from the board maybe a different board structure is needed ,where he could have an executive board member who is taking an active daily operational roll whihc would allow Leigh more time for M&A strategies ?
    If they could get $15M for AW (including plant) I would flick it also means whoever buys it has to take on the Environmental bonds
 
watchlist Created with Sketch. Add DRM (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.