OTCQX:DMMIF - Post by User
Post by
Rich12on Apr 22, 2009 9:40am
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Post# 15935559
Correa Set To Win Election
Correa Set To Win ElectionIt seems that President Correa is set to win the election on April 26. This will solidify the government a bit so that mining activity can move forward. It doesn't seemed to be many more hurdles in the way. I am sure after the election, a financial agreement will be reached between Ecuador government and Dynasty. The worst is a 50/50 split which is not too bad. At $800 gold price Dynasty will still get to pocket over $30 million after all the royalties and taxes are paid.....and that's with Zaruma producing 100,000 oz per year....a share price of $12 to $15. If Dynasty expedites the development of Zaruna expansion soon (from 100,000 to 200,000 oz/yr), the share price will again double. There is a lot to be patient about.
https://uk.reuters.com/article/marketsNewsUS/idUKN2148253420090421