OTCQX:DMMIF - Post by User
Comment by
edxon May 15, 2015 6:30pm
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Post# 23734944
RE:Dynasty Reports Financial Results for the Three Months Ended
RE:Dynasty Reports Financial Results for the Three Months EndedAlright so they've reached the Soroche vein. If cash gets tight they can fous on mining the vein for a while to generate revenue. They also have significant inventory so they look to be OK but inventory and short-term assets are a little short of their payables.
Soroche contains 170,000 ozs of gold @ 12 g/t. They should hit Matalanga by the end of Q2 or early Q3. That has 115,000 ozs @ almost 20 g/t.
Q1 was cr4p as expected. Q2 sounds like it will also be cr4p. But Q3 could be when they start to push out the ounces. They'll need to balance mining the veins with continuing to advance the declines, so I wouldn't expect they'll go crazy, but it could be the start of the company issuing and meeting ounce production guidance.