RE:RE:Looking Good !This company is a prime candidate for a steady dividend. With the exception of the recent halt, Dynacor has seen a steady increase of production from the ore processing and has a great potential to increase this with Chala while still having sufficient funds to finance the mining/exploration division.
If we see Chala getting approval, and potential of reaching 600 TPD while keeping the current 250 TPD (new mill being more efficient) I have no issue with saying annual earnings in 2015 could easily be around $1/share up from our current $0.25. Slap on today's multiple of 7 and we'll be be trading between $7-8. A $0.05 monthly dividend would be a payout ration of 60% on $1/share in 2015 leaving $14mil in free cash.
Please don't shoot me over my amateur or optimistic analysis. Just how I see things progressing IF Chala gets approved and it's up and running before the end of the year.
Long DNG... obviously...