OTCQX:DMMIF - Post by User
Comment by
mtsuiton Jun 13, 2016 11:15am
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Post# 24960198
RE:RE:RE:Strange
RE:RE:RE:StrangeThat's just it. I don't think it's possible to raise $900mm to build FDN. The capex is too high and the IRR is too low. They need time to optimize the mine plan and wait for a higher gold price.
Buying Dynasty would provide valuable in-country assets and an appealing capital markets story (raise an affordable $20-30mm now with a quick payback). Operating experience from Zaruma and DGF would then benefit the future startup of FDN.