DRM 1.80% 54.5¢ doray minerals limited

Value of Andy Wells, page-5

  1. 10,813 Posts.
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    At this price you would think it would not be worth selling and is worth more to DRM as an option than the cash. If gold shoots up over $A1800 then there is a lot of value to be gained by restarting AW.

    If DRM are going to offload AW I would prefer them enter into a JV instead. A 50/50 venture with someone willing to put in the cash to do the development work needed for the next ore drive would have to be a better outcome than just giving away AW for next to nothing.
 
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