Discovery Metals (DML) A copper play - with silver

Discussion in 'Stocks & Derivatives' started by SilverSanchez, Aug 24, 2011.

  1. SilverSanchez

    SilverSanchez Active Member

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    who cares about the copper

    they have 61m ounces of silver, haven't investigated if the project would be economical on the silver alone - might be something you wanna look at if copper tanks

    437.11M Shares
    579.18M Market Cap

    1.33 Share Price

    52 week low-high 0.82 - 1.52

    Cash 31 July US$109m
    Debt 31 July US$45m

    just under 10,000 kmsq tenament in Botswana

    They love copper - its not a Silver company

    but have a look, they just released an upgraded resource estimate

    http://www.discoverymetals.com.au/irm/content/home.html




    Total Measured, Indicated and Inffered for all three projects

    111.5Mt 1.4 %Cu 17.6g/tAg

    Have a look - might be worth while - I dont own at this stage
     

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