DRM 1.80% 54.5¢ doray minerals limited

DRM Chart, page-4

  1. 37 Posts.
    lightbulb Created with Sketch. 6
    I agree, DRM is looking good. Their life of mine for Deflector indicates spitting out cash after debt payments of about $80m (based on the current gold price) which is the current market cap. Therefore everything else is upside and their prospects are substantial.

    For investors wanting speculative gold exposure DRM offers very good leverage for increases in the gold price. As a relatively high cost producer increases in the gold price have a much greater effect on profit.
 
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.