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Core Gold DMMIF

Core Gold Inc is a gold mining company based in Canada with all operations in Southern Ecuador. The company primarily explores for gold and silver. Some of its projects includes Zaruma Mine & Portovelo Mill, Dynasty Goldfield and Copper Duke Project.


OTCQX:DMMIF - Post by User

Bullboard Posts
Comment by sysaphuson Jul 10, 2012 3:46pm
212 Views
Post# 20099359

RE: RE: RE: RE: question for board

RE: RE: RE: RE: question for board

Ya, as you can tell from my post I'm pretty disgusted by Dynasty's shareholder relations. I asked them a similar question re the declines and why not, since they have access to the resource on at least one decline, start mining the actual resource instead of  only decline dirt and like usual got a non-answer response. Just more IR word-cloud. Big surprise.

I'm thinking maybe DMM ran into a solid layer of adamantium since while they so quickly managed to get the declines down 300 or so meters early on, they have apparently failed to get much further the last year or so.

 

I'm sure the latest news from Bolivia hasn't helped Central and S.A. miners much.

 

I do think a positive mining amendment, both for Kinross as well as a small mining amendment for DMM, will have a positive affect on price. I think it's huge that Ecuador finally appears to understand that killing the golden goose by squeezing it to death is counterproductive. 

So too should the online-by-month-end concentrator news have a positive affect . How much of an affect is anyone's guess. Last year it would likely have been bigger. This year in this environment, who knows?

 

The longer term good thing is that since the world is broke PM's will eventually be the safe haven and along with that, producing PM miners. Hopefully by then Dmm will be a producer in what is seen to be a fair minded mining country.

In the meanwhile about the only postive thing you can say about Dynasty is that Sprott is involved.

If not for that, based on where Dynasty is located and management's performance, I think this would very likely be about $.50.

 

 

 

 

 

 

 

Bullboard Posts