DMA - Dynasty Resources

[vincent191]

Re: DMA - Dynasty Metals

Currently in a trading halt pending an announcement on resource upgrade. Early reports indicate a 400 mt resource with a "possible" 1 billion tonnes. I hope this announcement will be about a more reliable JORC resource estimate.

Early test on "selected" samples showed the resource is economical to mine.

I absolutely agree that for DMA to progress further they will need more capital (possibly from China) and existing holders will face possible dilution or will have to put more money in through capital raisings but this stock is cheap (Approx 20 cents) if all the early promises becomes reality.

As always DYOR......I agree it is early days and highly speculative at this stage and the current share price reflects this. Once we remove the speculative risks DMA will trade at a lot more than 20 cents.

 

[happytown]

Re: DMA - Dynasty Metals

Currently in a trading halt pending an announcement on resource upgrade. Early reports indicate a 400 mt resource with a "possible" 1 billion tonnes. I hope this announcement will be about a more reliable JORC resource estimate.

...

be advised this will be the maiden jorc resource estimate for DMA, they do not currently have a jorce resource estimate for any of their Fe tenements, they have exploration targets

it will be interesting to see the Fe grades for the DID drilling @ Praire Downs (if the jorc resource estimate covers the detrital iron deposits) as previously they have only reported the marra mamba formation drilling results

as to chinese investment, they have previously rejected an offer by Hennin Rebecca Group (27,777,778 shares @ .18 to raise 5mil), as not in the best interest of shareholders

however several other chinese groups, incl 'substantial steel manufacturers' have shown interest, as have DMA, in continuing discussions

 

[vincent191]

Re: DMA - Dynasty Metals

happytown....thanks for feedback....very informative. This could be another fledging fe producers in the next few years and my ticket to financial independence.

 

[vincent191]

Re: DMA - Dynasty Metals

40% jump following announcement today. Good speculative buy. Lots of work ahead but so far it has lived up to expectations. All else going well this can be a multi bagger. DYOR. Watch their share register....when the Chinese and the institutions start buying in then it is celebration time.

 

[Nose]

Re: DMA - Dynasty Metals

Vincent, are you still a holder? Great quarterly. Significantly undervalued!

I hold, and am buying.

 

[reallysure]

Re: DMA - Dynasty Metals

nose i am holding...very undervalued and bottomed....could go a little lower so i have a few orders....just hold on guys and be patient

 

[prawn_86]

Re: DMA - Dynasty Metals

nose i am holding...very undervalued and bottomed....could go a little lower so i have a few orders....just hold on guys and be patient

Please provide some details and analysis as to why you think it is worth holding. The more details you post, the more it will encourage others to look into the stock

 

[reallysure]

Re: DMA - Dynasty Metals

Hello Prawn don't need details and analysis

Its all there in the June quarterly report and next to a few big miners

Cheers

 

[Nose]

Re: DMA - Dynasty Metals

Prawn

Sorry, that was my first post.

DMA has a significant, increasing resource. If you look at their presentation of March that compares itself with its peers, in terms of market cap per resource tonne, you will see that it is the cheapest around. By now it is probably valued at close to a cent per resource tonne.

DMA has a long boundary with Warwick Resources, (Atlas). Atlas does not have a major resource anywhere, just a number of small to medium size bits.
In the AGO/AXO merger booklet, this was said.....

"Atlas has maintained an active exploration program across its prospective Pilbara landholdings. In order to further enhance Atlas's production profile over time, Atlas continues to pursue strategic, complementary and value-adding acquisitions, predominantly in the Pilbara region"

Someone is sitting on the DMA share price.

My opinion only, probably wrong!

 

[reallysure]

Re: DMA - Dynasty Metals

Just wait until the elections finish...it will make a big impact to not only DMA but most of the other iron ore and coal companies...

Liberal=no tax
Labor=yes tax

 

[barney]

Re: DMA - Dynasty Metals

Nice rise on this over the last couple of days on good (but not excessive) volume ....... (Looks like an announcement is in the air )

Fundamentals look excellent, so if the SP keeps ticking up on "sensible" volume, it may well have a bit further to travel. Could be worth watching ..

 

[barney]

Re: DMA - Dynasty Metals

Picked this one in the tipping comp this month .... It must have been one of the few stocks that jumped 10% on the last day of last month lol

Anyway, looks like I have hope of finishing off the bottom after todays announcement of an increase in tenement area.

Up 9% atm, and with the meeting with the Chinese on monday to determine the immediate future regarding the injection of new capital, there is a chance it might grow a few legs late next week.

They already have a large JORC resource, but with the Chinese on board, you'd think the current SP will become a distant memory.

 

[barney]

Re: DMA - Dynasty Metals

Shareholders have voted against the resolution to let the Chinese in too cheaply. Considering the increase in tenement area announced the other day, that looks a savvy decision. I think the Board knew that would be the S/H's decision, but had to "appear" friendly to the Chinese for future dealings by recommending the proposal. Hopefully the Chinese will start buying on market now

Capital will be needed at some point, but after the next JORC update, I reckon the shareholders will be more than willing to endorse a capital raising at 16cents or better. Potential take over target from either BHP or FMG in the future as well .... Good looking medium/longer term prospect.

 

[ttnt]

Re: DMA - Dynasty Metals

Lucky the placement had been voted off, the Price was too cheap and the volume is huge.
The board should do the placement after the coming JORC out.
Wise decision made by the shareholders

 

[happytown]

Re: DMA - Dynasty Metals

initial jorc inferred resource at prairie downs of 452.8Mt @ 23.1% Fe, covering 10.8 sq kms

new resource estimate drilling has increased it to a minimum 22.5 sq kms (from June qtr report) and should be indicated and inferred (from drill spacing)

from the chairman's letter (dated 30/09/10) in the 2010 annual report, the resource extension drilling is averaging approx 60Mt per sq km

therefore, resource estimation of at least another 702Mt Fe @ ?% Fe = possible minimum resource estimation by end of month, 1,155Mt @ ?% Fe

reaching 1Bt + jorc resource within indicated timetable

...

and some news should be forthcoming on the potential in-specie distribution of dma's 3 expl entities holding their non-fe assets, incl gold, base metals, u308, coal and csg

 

[happytown]

Re: DMA - Dynasty Metals

and @ .17, that's a fully diluted market cap of $16.265M, which with a 1Bt + jorc resource, albeit at a low fe grade, has the potential for a re-rating (with $2M in the bank, further expl planned and studies to commence early 2011, a cap raising could be expected before year's end)

 

[barney]

Re: DMA - Dynasty Metals

Lucky the placement had been voted off, the Price was too cheap and the volume is huge.
The board should do the placement after the coming JORC out.
Wise decision made by the shareholders

and @ .17, that's a fully diluted market cap of $16.265M, which with a 1Bt + jorc resource, albeit at a low fe grade, has the potential for a re-rating (with $2M in the bank, further expl planned and studies to commence early 2011, a cap raising could be expected before year's end)

Agree ttnt and Happy,

If the Chinese are fair dinkum about getting on board (and that seems fairly conclusive), this has the potential to jump sharply.

There has been some subtle accumulation at 16-17 cents, but there is not a lot of supply at these levels. March/April last year at between 20-25 cents was where the trading interest developed.

Ideal scenario would see the Chinese buying on market to increase their stake, at the 20-25 cents level .... a capital raise at that time would be more beneficial to the long term shareholders, and less dilutive to the share register.

Current SP has been creeping up slowly on low volume above the 16 cent support area. A break above 19 cents could get interesting .... The Chinese won't want this to break too high before they get set ..... ingredients are shaping up nicely for a move in my opinion.

 

[happytown]

Re: DMA - Dynasty Metals

one thing in particular that bodes well for the current spearhole jorc resource at prairie downs, which looks like it will be significantly upgraded by the end of the month, is that it is largely from surface, minimal overburden

indeed for the current jorc resource of 452.8Mt, the drilling program average hole depth was only 31.5m (see 2010 ann rep p 11)

as to the recently completed drilling program (ann dated 27/09/10), dma notes

the significant extension to the thicker higher grade material ... extends to the southeast for at least 2,500m and widens significantly

confirmation of similarities through results to date, by dma to brm's marillana project detrital deposit [1.5279Bt @ 42.6% Fe], where the fe grades are 40%+ also bodes well

note, all drilling to date accounts for approx 1% of all dma fe tenements

 

[Sean K]

Re: DMA - Dynasty Metals

Is there anyone else out there that mines detrital ore at 23-30% fe with 30-37% SiO2 and 13-15% Al203?

Anyone in Australia?

I think some companies in Brazil do but off the top of my head can't recall names.

Would take some serious treatment to beneficiate that to a grade that anyone would buy wouldn't it?

 

[happytown]

Re: DMA - Dynasty Metals

dma carried out beneficiation testwork early 2010 on 200kg bulk samples, resulting in

fe grades ranging from 53.9-56.9% fe
sio2 grades ranging from 8.6-9.1% sio2
al2o3 grades ranging from 5.7-9.8% al2o3

with cafe grades ranging from 55.7-58.2% cafe

dma is seeking a simple beneficiation process and to this end has during the recently completed drilling program collected bulk samples, each of 5-7 tonnes, from 5 separate sites for further beneficiation testwork

the results from these are expected to be released along with the jorc resource upgrade by the end of this month

pre-feasibility studies are due to commence later this year