GREY:DULMF - Post by User
Post by
yoda2on Feb 28, 2014 1:35pm
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Post# 22265236
Financing-- time for a cutback?
Financing-- time for a cutback?Concerns about not having enough financial resources to fund their share of the Twin Metals JV on-going costs have to be holding down DM's share price.
Is it time yet to curtail for a few years the ambitous exploration program on the 100% owned properties. These cash outlays for this seems to be very high given the need to keep up with funding obligations on the JV. Also DM's administrative costs seem way too high.
Any thoughts on how practicality of cutting/deferring the exploration program on the 100% owned lands. And do the very high levels of admin costs offer any potential for meaningful cash savings/