DRM is consolidating its gain here. It has a good run up. Fundamentally DRM found a lot of gold lately and the last few months paid off 20 million debt. This can only get better as its cash flow improved with mining more gold. Management is so confident that it will improve further next year with an increase of over 20% to over 100 thousands ounces. Meanwhile the Australian dollar is weakening to improve profitability further. DRM holders will benefit from this.
DRM Price at posting:
31.5¢ Sentiment: Buy Disclosure: Held
