Dynacor Group Inc T.DNG

AISC

[politicat]

what is ASIC for Dynacor.  I can't find it anywhere.  They appear to be low margin.
Maybe ASIC is in the 1300 range - very high for any gold company but especially for a " tailings " focused one.  
Lux Gold is starting up a similar biz and they say ASIC is 800.  better quality tailings i guess.

[profitprophet1]

You're aware that Dynacor is a miller not a miner? As such it buys from artisanal miners, mills the gold and sells it. 

[politicat]

yes.  tailings.  Newlox is saying they have 9 to 15 grams / ton gold in tailings and a ASIC of 800. very profitiable if true. Dynacor makes no mention of grams per ton etc. but says margin of 250 per oz.  that is not much.   Since they are same business - maybe LUX is overly optimistic ?

[ErinBrockovich]

This company is a solid performer. It's quit and generates cash. They mill. That's true. But they also have a few exploration targets that could see exploration. 

[Moogul]

Can't believe some one got shares at 2.58 today! Wish my stink bid was lower... We just need gold to atleast hold above 1800 and we should have some massive qtr's ahead. Maybe a dividend raise too once the expansion is complete? They certainly have the balance sheet. 

[Moogul]

Or.... maybe a dividend raise before its complete :) 

[profitprophet1]

yes, there are numerous bright spots on the horizon....Tumipampa and the other, Senegal, higher gold, potential raise in dividend as Moogul noted, and the "name plate" capacity increase. It seems that currently Dng is running about 10% above the quoted name plate capacity so presumably that also remains a possibility once the expanded mill is operational. With inflation gold seems likely