The transformation has happened from debt to net debt (not discounting that there was a capital raising) with the company now focusing on proving up the resource for a significant upgrade.
Deflector proving to be much bigger and more valuable than the company initially expected with drilling hitting a number of high grades and only minimal exploration so far. Stand out from company presentation is that management's confidence has grown to adding think big meaning that they like what they are seeing - potential to mine for many more years.
Deflector is a Gold/Copper mine and copper has a long term favourable outlook and the company has a buyer wanting all the copper mined.
Upside News Coming:
Andy Wells/Gwaneeda
Mine Plan for Da Vinici
Resource Upgrade
Organic Growth - Tenement exploration
JV with Alloy Minerals
DRM Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
