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21/07/18
20:52
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Originally posted by eshmun
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The production guidance indicated 100k production for Deflector.
What guidance are you talking about? The guidance for FY2019 of 80koz-85koz is already 30% over what was achieved in FY2018.
The Deflector LOM forecast announced by the company at the end of August (31/8/2017) last year had payable gold of 236,600oz over 4 years which equated to a 59,150oz/annum mining rate. Why would you suddenly believe the mining rate at Deflector is going to lift to 100,000oz/annum. The FY2019 guidance is not conservative when measured against the last announced LOM forescast or the actual rate of production in FY2018. Also at a 100,000oz per year Deflector’s current announced mine reserves would be exhausted in 2.5 years.
The above comment just seems like another made up number with no basis in reality, like the last post I responded to that said DRM’s share price would be at $0.90 - $1.00 in a few months time. Esh
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"The above comment just seems like another made up number with no basis in reality"
1. Navigate to the ASX announcements page : https://www.asx.com.au/asx/statistics/announcements.do?by=asxCode&asxCode=DRM&timeframe=D&period=M6
2. Click on FY2019 Deflector Production Guidance
3. Read the announcement: "This production forecast combined with the additional exploration investment leaves us well positioned to achieve our goal for Deflector of sustainable annual production of 100,000 ounces of gold with a mine life of greater than 5 years "
GLTAH. DYOR.