Doray foray comes at golden moment
Bell Potter provides an interesting take on the timing of godlminer Doray Minerals’ maiden production, outlining that it’s a positive that this has coincided with a time of bearish sector sentiment.
Analysts at Bell Potter viewed goldminer Doray Minerals’ performance for the three months to September 30, 2013, in a positive light.
Production from the Andy Well project was broadly in line with its expectations, but with the company delivering a higher rate of underground development, achieving better throughput rates and achieving higher grades there was a slight outperformance. Of most significance is that all these factors weigh up well for the company’s medium-term production outlook.
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