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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
Post by audigger13321on Jan 25, 2015 4:38pm
287 Views
Post# 23361407

Musings...

Musings...Well gang, lately a few of the blog sites that I read, started mentioning Dynasty Metals, so I decided to check up on this stock. After some research, and that included reading all the Silicon Investor blogs, over 1700 posts on Dynasty, I bought 5000 shares on Friday. Incidentally, SI. has some fantastic summations of the old and new Equador mining laws. Here are some of the reasons for my buy: . The government changed to old mining law; with the new law being much more mining friendly. To give you an example, there is a new category, listing "medium scale miners, that can develop/mine,up to 1000 tons per day per concession without much red government tape. This means that DMM which now has 5 concessions permitted to mine at 300 tpd, can mine 1000 x 5 or 5000 tpd, without much additional problems. . DMM is the largest land holder in South Equador, at 1300 km. sq. also being the 9th highest grade deposit being worked on, in the world. .stock is at about 50% discount to book. .with only about 46.5 million shares, there is little dilution. . The CEo, Washer, owns 8.9 million shares, so IMHO, he will work diligently to build company value. .These properties could become world class, as they are situated in the Gold Mountain" area, that was mined since Inca times; grades and vein system is well known, so surprises to the downside are limited. But this is just my opinion, and not a "buy" recommendation; we all should do our own research. Audi.
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