OTCQX:DMMIF - Post by User
Comment by
goldpigon Dec 23, 2008 10:45am
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Post# 15663628
RE: RE: RE: Final vote...1st Week Jan.
RE: RE: RE: Final vote...1st Week Jan.That is quite right.
The $50 million or so annual cash flow from Dynasty will be used to develop Jersalem and then Dynasty , as well as their other projects in Ecuador. This means that there will be no further dilution to develop these mines.
Ecuador gets the money as capex rather than tax.
So, for the first few years there will be little earnings to tax.
Share price is however very important.
Management are aggressively seeking diversification of gold production, outside Ecuador, and that would be done by equity.
At the current rate, DMM will be above $8 by early January.
The news is spreading rapidly.