RE:RE:RE:RE:RE:$1.5I really enjoy talking about the prospects of a new Chala mill but lets not forget that the milling is the means in which the exploration is done. Dynacor continually refers to itself as a low risk exploration company which funds its operations from the existing 250tpd mill and has been very successful at that. A 600tpd plant which is infinitely more efficient will do wonders to the earnings of the company but at the end of the day, the large resource at Tumpampa and other sites is the real gold mine that Dynacor sits on.
My take is that once the illegal miners are under control the permit should be approved in short order, I think it's quite understandable that the Peruvian government has to deal with the civil unrest as the primary concern at this time. If the mill is not approved, Jean Martineau has repeatedly stated that sufficient cash is on hand to complete exploration, if there are no new mill funds to actually mine the site it should be an easy sale or partnership to a larger player in the area.
In December 2013 President Humala stated that he expects record new mining projects in the amount of about $14billion for 2014, clearly Peru is on board with the legitimate mining sector.
Q1 will be a little off the mark due to the temporary shut down but Dynacor has shown a proven track record of increasing production and value, full benefit of the exploration and new mill may take a year or two to realize but patience will be rewarded with this one!
Just my 2 cents... Long DNG.
GLTA!!!