OTCQX:DMMIF - Post by User
Comment by
edxon Aug 15, 2014 12:48am
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Post# 22845039
RE:RE:RE:Financial report is on sedar.com
RE:RE:RE:Financial report is on sedar.comReading the full MD&A:
The decrease in grade for the three months ended June 30, 2014 is attributable to limited access to regions of veins with higher grade while development work on these areas was ongoing.
Okay, that's positive. So it wasn't that the veins were not there, but they were inacessible for (presumably) much of the quarter due to development work.
On the bright side, 860,000 share options @ $5.45 won't be exercised on Nov 6.
I do hope that "development work" was advancing the main decline. I can guess that in Q4 2013 as soon as they had access to the high-grade veins they went to town mining them because of the cash situation. In Q1 and Q2 it seems like they haven't really been able to mine them and advance the declines at the same time. It's probably hard to pull out "waste rock" advancing a decline if that decline is basically at a high grade vein.