OTCQX:DMMIF - Post by User
Post by
PennyStackon Feb 17, 2016 10:32am
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Post# 24565853
DMM is Set Up for a PARABOLIC MOVE
DMM is Set Up for a PARABOLIC MOVE Bob Washer recently converted a majority of the promissory notes he loaned to the company over the past couple of years into shares at $0.45. He now controls just over 28% of the outstanding shares of the company.
Why would he add risk to his holdings by taking shares instead of just holding the promissory notes which were secured against certain assets of the company, unless he was quite certain about the company's viability and its ability to finally start hitting guidance numbers in the near term ?
He Knows DMM will be Hitting Higher Grades and Upcoming Quarters will Reveal this. Now that Gold is Rising.....Hold your Shares Tight !
ZAMURA 1.1M oz avg 13.01 g/t. M&I - Very High Grade
- The construction of the Zaruma Gold Plant has been completed and is in intermittent operation
- Mine development has advanced so that the Zaruma Gold Project in in commercial production
- Measured and Indicated Gold resource of 1,094,000 oz at an average grade of 13.01 g/t
- Inferred Gold resource of 1,448,000 oz at an average grade of 12.16 g/t
- Base Case PEA for the Zaruma Gold Project estimate:
- a 15 year mine life
- total operating revenue of $1,460 million
- total EBITA of $683 million
- net after tax cash flow of $441 million
- after tax Net Present Value of $218 million
The Zaruma-Portovelo Mining District is a major, high-grade goldfield, having produced over 5 million ozs of gold in the past. Modern mining was initiated in 1905, when the South American Development Company developed the Portovelo mine, and ended in the 1950s. Dynasty has been able to reassemble most of the concessions that made up the original goldfield.
Estimated mineral resources at the Zaruma Project as contained in the Zaruma Report are as follows:
TOTAL MINERAL RESOURCES CONTAINED IN ZARUMA PROJECT | | Measured | Indicated | Inferred |
| Location | Tonnes
(million) | Grade
Au (g/t) | Contained
Au (Ozs) | Tonnes
(million) | Grade Au
(g/t) | Contained
Au (Ozs) | Tonnes
(million) | Grade
Au (g/t) | Contained
Au (Ozs) |
| Cabo de Hornos | 1.30 | 13.99 | 585,000 | 0.86 | 12.46 | 343,000 | 3.0 | 12.30 | 1,201,000 |
| Barbasco | 0.19 | 11.05 | 66,000 | 0.09 | 10.81 | 33,000 | 0.3 | 12.13 | 128,000 |
| Ayapamba | 0.07 | 12.64 | 30,000 | 0.06 | 11.63 | 23,000 | 0.2 | 12.40 | 96,000 |
| Vizcaya | 0.03 | 8.40 | 8,000 | 0.02 | 8.40 | 6,000 | 0.1 | 8.40 | 23,000 |
| | | | | | | | | | |
| Total | 1.59 | 13.48 | 689,000 | 1.03 | 12.18 | 405,000 | 3.7 | 12.2 | 1,448,000 |
https://www.dynastymining.com/properties/zaruma_updates.php
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DYNASTY a GOLD PRODUCER Sitting Under RADAR with 6 Million Ounces of Gold and only 47M S/O and a Market Cap of $12 Million..... HOLD ON TIGHT.... image: https://stockcharts.com/c-sc/sc?r=315920&chart=DMM.TO,uu[305,a]dacayaci[pb20!b50][dc]
Read more at https://www.stockhouse.com/companies/bullboard/bullboard/t.dmm/dynasty-metals-mining-inc#lLhFMxQ1tPRb8ku1.99