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General Information

Discovery Metals Limited
DML
http://www.discoverymetals.com
Diversified Metals & Mining
12
644

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$0.02 - - - $0.02 0 - ( No change )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Company Overview

Business Description
Discovery Metals Limited (DML) is an Australian based copper and silver production company from its 100% owned major asset, the Boseto Copper Project. DML also focuses on the development and exploration around the Boseto area in Botswana.
Strategy Analysis
DML is focused on developing the Boseto Copper Project in Botswana. DML also aim to discover and develop other economic mineral deposits. Discovery Metals reported a net loss of US$14.58m for the half-year ended 31 December 2012, up from the US$7.0m loss for the corresponding period in 2011. This result is consistent with the ramp up in activity, manning and costs by the company as it commenced production at Boseto in June 2012. Revenues from ordinary activities were US$114.0m, compared to US$309.0m from the same period last year. Basic and Diluted EPS was (3.03) US cents compared to (1.56) US cents last year. The net operating cash inflow was US$11.39m compared to an outflow of US$4.13m in the pcp. No dividend was declared.

Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014 A 15.9 2.9 0.0% 2.5 0.0 0.0% 0.0%
2013 A -20.1 -4.2 0.0% 0.0 0.0 0.0% 0.0%
2012 A -20.7 -4.7 0.0% 0.0 0.0 0.0% 0.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
BHP Billiton (BHP) $93,910M 0.1223 -0.3230 -0.4018 10.9349 16.1511 26.9991 4.39% 5.37% 5.52%
Discovery Metal (DML) $12M 0.0000 0.0000 0.0000 0.6574 0.0000 0.0000 0.00% 0.00% 0.00%
Iluka Resources (ILU) $3,655M -0.5350 1.4439 0.5730 61.2202 25.0502 15.9248 2.18% 3.12% 4.39%
Rio Tinto (RIO) $24,137M -0.1938 -0.4311 0.0932 9.1918 16.1565 14.7792 4.61% 5.00% 5.33%
South32 (S32) $12,617M 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.00% 0.00% 0.00%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.00 0.66 0.19 0.00
Market 0.99 17.00 1.32 1.59
Sector 0.76 13.80 0.70 0.50

Directors

Name Position Start Date
Mr Robert(Bob) Stanley Fulker Chief Executive Officer, Managing Director 24/12/2014
Mr Jeremy James Read Non-Executive Chairman 30/05/2003
Mr Paul Michael Frederiks Non-Executive Director 30/08/2014
Mr Royston Denysschen Non-Executive Director 09/07/2014

Management

Name Position
Kerry John Parker Company Secretary,Chief Financial Officer
Lawrence Manjengwa General Manager, Boseto Operations
Robert Cooper General Manager, Operations

Substantial Shareholders

Holding Name
84,005,163 (13.04%) Transamine Trading SA.
64,714,633 (10.05%) Blumont Copper Pte Ltd
35,867,105 (5.57%) Transaminvest S.A.

Calendar of Events

Date Event
20 January 2016 Report (Quarterly)
23 October 2015 Report (Annual)
12 October 2015 Report (Quarterly)
27 August 2015 Report (Prelim)
21 July 2015 Report (Quarterly)
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