OTCQX:DMMIF - Post by User
Post by
Rich12on Feb 06, 2016 10:17am
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Post# 24531606
Increasing Investors Value
Increasing Investors ValueWith production on the upswing and the gold price creeping upwards, DMM can soon be in a position to buy back the remaining 4 million shares from Sprott. With production at 7000 oz/Q and a $1300 gold price, it won't be that difficut to come up with $900,000 to purchase these shares at 22 cents. With a reduction in outstanding shares, Sprott out of the way, production and gold continuing to rise, investors value in DMM will escalated quickly to the good old days.
Rick