Post by
AU_NB on May 06, 2009 12:57pm
Yukon_Cornelius
Welcome onboard from one who is fairly new himself. The more news and views we have, the better.
As to the the hurdles you acknowledge, to me, it would seem that DLKM is in a lot better shape than many junior explorers:
1. The OTC in Canada does not preclude progress towards a mining license in Tazania which, as I understand, relies on JORC requirements, not NI 43-101 procedures. Accordingly, the jurisdiction issuing the license, should not necessarily be required to wait for another non-Tanzanian regulator's action regarding merely stock trading in the latter's jurisdiction. While BC's interest is in maintaining control over representations to investors in its provenvce, Tanazania's interest is in growing its economic base as quickly as possible. It would not seem to be in Tanzania's best interest to delay its own process.
2. As to capital, it would seem that DLKM has at least a leg up on other juniors, too. It currently has capital from/via TIGMR for development, and it appartently has access to additional funding outside North America.
fwiw
jmho
icbw
dyodd
Comment by
Yukon_Cornelius on May 06, 2009 1:13pm
Thanks for the welcome AU. Agreed the mining license isn't dependent upon the 43-101; they're separate issues. Also, yes the access to funding is promising, and the Chinese interest is noteworthy, but until the $$ is in the bank... Current cash on hand isn't plentiful, and leaves the company vulnerable. That's the risk I'm weighing in that department.