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Dia Bras Exploration Inc V.DIB



TSXV:DIB - Post by User

Comment by mjh9413on Mar 01, 2012 2:35pm
476 Views
Post# 19612621

RE: Time for sp accretion?

RE: Time for sp accretion?

Just read the financials and the Peru purchase plus the other assets and current prodn seem to make DIB a sounder miner/explorer. Royalty changes in Peru were not quantified but will make a differnce to earnings and cash flow as the changes are significant. They are however going to get more metal once the new tailings pond and processes are completed. Should lower overall processing costs per metal unit. Proceeds of hydro sale are designated to reduce the Peru financing costs. Derivatives all came off Dec 2011 and no mention there of new ones so don't know if all sales are spot price based. Hopefully we will get an outlook commentary for the new fiscal year when the prior qtr results come out. (I did not read the news releases dated after their Sep financials)

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