DRM 1.80% 54.5¢ doray minerals limited

Giant Flag looks ready to go, page-137

  1. 11,185 Posts.
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    That’s not guidance, that’s a “goal”. The previous poster was talking about guidance, there is a big difference.

    They would need to come close to doubling their reserves after mine depletion to have any confidence of bringing that into a forecastable life of mine plan. The current LOM mine forecast has not been officially updated since 31/8/2017, that I can see. There is currently only about 3.1 years of payable ore at a mining rate of 80koz per annum, 2.5 years at 100,000oz/annum, the rest needs converting.

    They better get busy and get the chequebook out if they are going to meet this goal.

    This is just another example of jawboning and hot air by the company and should be taken as a red flag IMO. Esh
 
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