OTCQX:DMMIF - Post by User
Post by
upmarketson Nov 07, 2007 5:27pm
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Post# 13771500
progress
progress
They have been working 3 drills for months ,presumably on various locations,
so in addition to the Dynasty G zone resource numbers,
are we not due for some exploratory hole results on other areas ?
$8 mil raised, so they are likely to increase construction crews
and rock ! for a few months .
Zaruma progress report?
( construction permitted this past summer )
One guesses they have finished process design
and have completed milling building foundations and steel .
Awarded a mechanical/electrical contract?
Rock you sound a little over-enthused for a Jan production start
We haven't even had a mention of contruction progress.
Don't disagaree with stock price projections
And since this production will come on stream with no loan then they will not have
entered into any gold sales hedge contracts.
And net cash flow will mean little likehood of any more PP's
unless a small one at a high level
( I liked the project progress info (and pictures )that SWC provided during the year)
DMM should be expanding U/G and stockpiling ore for possible
mill commissioning in April or so ?
note that www.Stockcharts.com ( gallery view) has the P & F
technical theoretical Price Objective as $16.75
U