OTCQX:DMMIF - Post by User
Comment by
pimrieon May 01, 2013 11:25pm
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Post# 21328070
RE: Management may prove to be genius
RE: Management may prove to be genius Well written Fred. When I looked at the numbers they have been producing about 4,000 oz per quarter.... enough to stay cash flow positive. They ran into a problem with water in Q2 and production fell to 3,000 oz for 2 quarters. All of this from non resource material (the dirt they get while they dig the decline). In Q1 this year they produced AT LEAST 5,000 oz....they sold it at end of Q1 to fix the cash flow problem, and we don't know how much inventory they had left after the sale.
They got thrown off track for 6 months due to water...like that has never happened to a new mine before....and then produced enough gold in 3 months after fixing the problem to go cash flow positive again....that does not happen very often.
Your timing is right, if they are not producing at 15 - 20K oz per quarter by end of year get out, for now it looks like one of the best long shots in a junior market with lots of long shots.
Good job Dynasty, only 40 Million shares out.