Post by
mayorkgh on Jul 24, 2014 8:18am
July 3 conference call
The comment by Chris Dundas that struck me most was his observation that two recent takeovers were done at 2¢ and 7¢ per lb of resource and that DM has 66 billion lbs in the ground. Not sure where that number comes from but if one assumes that there is at least 10 billion lbs and that someone might pay 2¢, then that gives roughly $1.30 per share. That's the low end.
Comment by
PetJ80 on Jul 24, 2014 9:57am
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Comment by
redmetal on Jul 24, 2014 11:28am
They needed the platinum and palladium by products to make the mine economic. The copper grades and nickel grades are too low alone for an underground operation. They havent been honest about the true recovery results, hence moving off to the Kamloops lab after Tecks Richmond lab. If another miner can take them on the cheap and figure it out it will be one of the steals of the century.
Comment by
rocdic on Jul 24, 2014 11:51am
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