OTCQX:DMMIF - Post by User
Comment by
mtsuiton Apr 08, 2014 5:07pm
249 Views
Post# 22426982
RE:Q4: Strong Quarter, Soft Guidance, Still Teething
RE:Q4: Strong Quarter, Soft Guidance, Still TeethingI think the release of 1Q results in May could provide the basis for a higher share price because they will come with disclosure of whatever is happening at the time of filing.
YE results mentioned:
"
Subsequent to December 31, 2013, the average grade to date has dropped compared to the fourth quarter of 2013 but has still remained consistent with the overall average resource grade." So that's great - 13 g/t or so. A year ago it was ubnclear whether that could ever be achieved.
"This maintenance and development work is now complete and the Company is refocussing on
mining resource grade material to be delivered to the mill for processing" "The mine is planning to achieve a steady state production rate of about 12,000 tonnes/month from early this year
(2014). " If the company can disclose that it is achieving steady production of 400 tpd then we don't need to wait until August to figure out the implications.
Combining tonnes plus grade leads to a simple calculatioon of current cash flow. At PDAC the company seemed pretty confident that tonnes would increase quarter by quarter as more ore was accessed.