DIO 0.00% $1.27 dioro exploration nl

best small cap gold producer on the asx, page-13

  1. 2,632 Posts.
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    The thing that made me sit up ,a bit is the news of ore now being delivered to the processing plant from frogs leg. This will improve the average grade- not sure how much unused capacity if any. The flip side is half of it belongs to La Mancha- so there will be a reasonable processing charge on that half of course. mates rates would be politic but not too far. It would be interesting to see how it washes cash flow wise but expect it will be a good boost and the plant can be run around the clock.
    So far so good. SP? On this mad market anything could happen. Optimists can be a bit hard to find but the gold price is still way high and sooner or later some might wake up that some of these miners will provide good leverage to the gold price.
 
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