OTCQX:DMMIF - Post by User
Post by
OriginalFredon Apr 01, 2014 6:52pm
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Post# 22398076
Earnings of $2.8M in Q4
Earnings of $2.8M in Q4
These results are amazing. Assuming 4 quarters of the same, $2.8M x 4 = $11.2M. That would put the P/E at 64/11.2 = 5.7. This is for a company that just started production right after the price of gold crashed.
The results will only improve from here as more veins are accessed. And after Zaruma is running at a steady state, the company is free to develop Jerusalem, which also has excellent grades.
Dynasty is positioned to become the premier mining company in Ecuador. This stock is a keeper as many more years of successful growth await long term investors.