DNI Metals Inc DMNKF

DNI Metals Inc is an exploration and evaluation stage company, which engages in the exploration and development of mineral properties. It holds the base and precious metals, specialty metals, rare earth elements, diamond, and uranium mineral properties in Alberta, Utah, and Ontario. The company's properties include SBH Property, Vohitsara Property, and Clifton Gold Hill Royalty.

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DNI Metals Inc

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Comment by Austrian007on Nov 21, 2018 11:49pm

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Post# 29008286

RE:RE:New PR

ok... thanks.

But this korean stuff mentioned in the PR seems to be the classic overpromise-and-underdeliver syndrome that we associate with DNI now... why even mention it when we know that we are atleast 9+ months away from meaninfully satisfying them that kind of volumes (the 6000 tpa pilot plant will for all practical purposes deliver only about 4000 t - atleast in the first year or two)... esp when the korean buyer is not even sure about his clients. Best if Dan could have avoided adding this to PR and focussed only on the Env permits.

Anyway, lets hope this goes thru soon and DNI can start some real productive activites.

cheers,

Floridas2000 wrote:

Austrian007 wrote: What does today's PR imply in terms of the Env licences...? Or is it just a statement that all else has been completed and so the env licences should come thru soon...?

cheers,

Your second one. Previous they were saying it should take about 60 days if done right. Now it's done right and that the ONE has received everything they need. The ONE gets a percentage of CAPEX so they're going to be motivated to push this through.

I believe they need to do three things. 1) Get this env permit 2) Get into production and 3) Sell graphite. This news release touches 1) and 3) so I'm expecting a big pop in price. Once 1) is out of the way they can work on 2) and we should be good or at least hit new 52 week highs.