Remember the BDR AISC numbers, nothing wrong with them was there. People were warned there.
The only measure is the cash at the end of the quarter after allowing for the capital raising and debt repayment. I'll base my opinion on that and nothing else.
Keeping the mine reserves roughly constant after mining depletion is reasonably positive news, but then again one would need to check how this was achieved. If it was achieved via drilling that would be reasonably positive, if it was achieved by upping the gold price assumptions or lowering cut off grade then it's just smoke and mirrors.
Given the hoo-ha they made with Di Vinci they haven't been in a hurry to promote that story or even calculate a reserve base from it (red flag IMO). I don't think they will mine the splay fault mineralisation recently discovered at a profit (to thin) so don't expect those resources to be converted in my opinion. Esh
DRM Price at posting:
32.5¢ Sentiment: None Disclosure: Not Held
