DDN assetsReasons for optimism - plenty.
DDN has not had appreciable share liquidation, as was noted as possible by a poster back a couple. DDN had 67M shares at Annual year end 2008, currently they have 78M, which was primarily used to generate a large cash buffer.
As of Q2 09, DDN had cash of $3.7M, or about 5 cents per share. A half million was added by private placement, but this would have been spent by exploration.
DDN also owns a large amount of UNR, which has been trending upwards, and has itself large growth potential (approx 5M shares owned of UNR).
Properties, other than Amaruk, are Banks, Victoria and Hepburn, awaiting future exploration, and joint projects.
Amaruk has the Tunerq nickel project with recoverable grades, Ni is now at $8.00 and trending higher, as well as being at the price it was 5 years ago before Asian growth. Tunerq is also showing recoverable credit levels of Cu and Co. Proof of deposit reserves will take more exploration, but the initial drill intercepts warrant more holes.
Amaruk has a gold prospect, with Au reaching all time highs.
Amaruk has a sea lane.
And Amaruk has excellent diamond potential, and has many kimberlites that have already shown diamonds, but the carat size is of most importance. Beluga has indicated larger carats.
So the company is in better condition than when it was over $1.50 a year and a half ago.
The proof will be in the bulk sample, but there are more avenues for revenue generation now, and just as with the spin off of UNR, shareholders have access to more potential commodities.