RE: RE: RE: RE: RE: RE: RE: Looks like a new prese I always hear talk of Kinross acquiring the Jerusalem property, or just buying DMM out completely and at the right price (over $12) I would obviously be happy with that as an end game. But there are several other options.
Ecuador copper and Gold has a property located directly beside the Jerusalem property, the Chinapintza project. The Chinapintza project is on the same gold vein as the Jerusalem property, and currently has a JV with a Chinese company “The Guangshou Group”. China can print money with a click of a mouse and is increasingly interested in acquiring natural resource projects. I believe that a better deal could be had for DMM shareholder then selling to Kinross.
“The Chinapintza Vein System, Gold-silver-lead-zinc in vein system split between Chinapintza 37% and Jerusalem Project 63% (Dynasty Metals)
Combined 1.9 MMoz Au resource
Jerusalem M+I resource of 585,100 oz Au at an average grade of 12.4 g/t and an inferred resource of 710,130 oz Au at an average grade of 11.5 g/t
An arrangement with Dynasty would facilitate consolidated exploration, resource development and exploitation”
(Page 19 of their corporate presentation, it also has a map of the two properties)
https://www.ecuadorgoldandcopper.com/_resources/presentations/EGX_Presentation_Feb_20_2013.pd
(This is the sedar filing of the JV with the Chinese company)
https://www.sedar.com/GetFile.do?lang=EN&docClass=8&issuerNo=00027965&fileName=/csfsprod/data136/filings/01987599/00000001/l%3A%5CSEDAR%5CEGCC%5CEGXNRNov262012.pdf