OTCQX:DMMIF - Post by User
Comment by
edxon Apr 30, 2015 11:56am
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Post# 23680783
RE:Sprott commentary ....
RE:Sprott commentary ....No doubt that for Sprott, DMM has been a "value-trap" and they have been in here for well over 5 years now. For us newer investors with long-term horizons, we're not quite as jaded yet :).
New IR and the new push for transparency might have been in response to Sprott informing management they are getting out instead of developments at the mine. We'll never know for sure.
Regardless, unless the decline maps, vein estimates, etc are lies (which I don't believe to be the case), the company finally has the main decline in range of some extremely beefy veins.
I still like the story and I see light at the end of the tunnel. In the past, we were all sort of hoodwinked by management who probably knew they were still years away from hitting the necessary veins based on development without dilution, hence why they wouldn't say much about tonnage targets, offer guidance or even provide detailed updates on development.
That changed recently. Maybe it's a trap. You never really know with juniors. I'm in over six figures in here and still buying. Woe is me if I'm wrong.