DNT FactsDNT
Some Facts:
- Canariaco Norte is 100% owned by DNT
- Copper Equivalent Resource Estimate of 10.1 billion lbs.
- Canariaco Sur could contain another 1-5 billion lbs. of copper to add to the 10.1 billion pounds already discovered on the first mountain
- Management is actively seeking bidders for DNT and has disclosure agreements in place.
- Conservative NPV is approx. $3.75/share
- Currently trading $2.50/share or 3x below NPV of $3.75/share (conservative)
- Takeover target prices range from $4.50-$7.00/share based on similar current copper based takeovers
- DNT has created a new company (Cobriza) to transfer the DNT assets to except the Canariaco project in order to facilitate a smooth transitional takeover transaction.
- Pre-Feasibility study completed estimating $1.5 billion capital cost
- Feasibility study to be completed by Spring 2012
- One of the lowest strip ratios in the industry given the Copper is close to surface
- Peruvian Election is over and no dramatic changes are anticipated with the new President
- Peru is very mining friendly – Humala Pres. Elect. Has met with US officials to promote positive relations and to assure investors that Peru IS mining friendly and will continue to be.
- HUGE TAKEOVER TARGET
- Over 6 analysts recommend DNT as a Buy and there are NO sells on this company.
- Copper is currently at $4.36/lb - DNT has conservatively estimated there feasibility study for Canariaco at around $2.50/lb
- No Brainer, DNT is the stock to own especially with the Huge demand for Copper coming from China and Japan.
- Est. takeover of DNT to occur after Aug4/11
- Price target before August4/11 = $1.98
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