DMM - DMC Mining

[TRUST_ME]

Go nuke, I saw your graph and have been thinking the exact same thing.

This stock is being hyped a lot, all around the scoping report and I wouldn't be surprised to see the sp dive as people cash in profits and move on in short term.

I still see this stock as long term buy but everything needs to take some time to consolidate before moving to the next level as company and reflect this in it's sp.

 

[ans25]

No pun intended, but Trust Me, there is no hype to this, it is under valued, and I think we will see the sp of this little beauty in abt 1-3 months

 

[YOUNG_TRADER]

Hey guys,

I've said it from day 1, When we compare DMM's project to SDL's and then realise that DMM trades on a mkt cap of now like 1/12th SDL's surely soemthing is out of whack

Sure SDL's project is superios but 12x superior? I really doubt it

Nuke I'd be interested to see this chart with the "cup and handle" I need all the help I can get with charting

No matter what happens short term the stock is undervalued on a peer comparison basis and we are in one of the biggest Iron Ore booms ever

p.s. the re-rating is happening as we speak but there is a way to go imo, I wont be happy till we hit $1.50

 

[Sean K]

Kennas, is it possible that my cup and handle prediction could come true at the current rate?

For those who want to know what a cup & handle is.

Go DMM

It's certainly a cup, although a little V shaped, but no handle yet. Maybe it could trade sideways for us and form one. If that occurs you possibly get a hypothetical target of around $1.60 from the break up of the hypothetical tips of the cup around $1.00...LOL

 

[YOUNG_TRADER]

$1.60 Would be very nice Kenna as it would get it acroos the line of my target

Now where's that scoping study?

Still can't get over the valuation difference between SDL and DMM

 

[coladuna]

Picked up some DMM shares today. It was a little shaky when it fell back down below $1, but bounced back very strongly! Quite impressive considering the market mood today in general. Bring on that scoping study!

 

[ans25]

Hate to act greedy but I say DONT BRING ON THE SCOPING STUDY!
because the sp is doing so well now, this week alone has DMM has increased by more than 20c, and Im sure once the study comes its going to shoot through the roof, up 10 perc today when most things were in the red, wowee

 

[Largesse]

sorry ans25,

but we need that scoping study out asap.

the sooner its released, the soon we'll get coverage, the sooner we get coverage, the sooner we have long term money on the register.

and thats what i want

 

[Atma]

the quality of the iron is questionable. it has over 10% Silica content. how can steel mills tolerate this kind of ore. Also its extensions are also subject to exploration risk. i only saw a lot of 40% historical drills banghead. current jorc is 33mT @ 55.5% that is barely DSO grade. also 80% ownership of mine only.

 

[Sean K]

the quality of the iron is questionable. it has over 10% Silica content. how can steel mills tolerate this kind of ore. Also its extensions are also subject to exploration risk. i only saw a lot of 40% historical drills banghead. current jorc is 33mT @ 55.5% that is barely DSO grade. also 80% ownership of mine only.

You better sell Atman.

The silica issue has been raised. It is high, so will need some extra work perhaps. And perhaps the targetted 100+ DSO and 800+ Mag will be enough to make it a mine and give it an appropriate MC relative to it's potential production profile. YT's already done the broad numbers, but maybe you could readjust them with additional costs for beneficiation, or reduced value due to impurities? Would be nice if you value added with some more detailed analysis.

Cheers,
kennas

 

[ans25]

Hey very interesting to see someone put up a big order for sell last thing in the arvo, and that at market price. Can someone pls explain? Isnt that a bit unusual or do you think its just a quick buck?

BUYERS SELLERS
Orders Quantity Price Price Quantity Orders
1 2,000 1.035 1 1.105 98,465 1

 

[adobee]

Hey very interesting to see someone put up a big order for sell last thing in the arvo, and that at market price. Can someone pls explain? Isnt that a bit unusual or do you think its just a quick buck?

BUYERS SELLERS
Orders Quantity Price Price Quantity Orders
1 2,000 1.035 1 1.105 98,465 1

I think that it will probably get pulled before the market opens on monday.. else if it goes through possible some profit taking in the last three weeks they could be up 40% + which isnt bad.. if it gets pulled leaves minimal amount of sellers..

 

[YOUNG_TRADER]

the quality of the iron is questionable. it has over 10% Silica content. how can steel mills tolerate this kind of ore. Also its extensions are also subject to exploration risk. i only saw a lot of 40% historical drills banghead. current jorc is 33mT @ 55.5% that is barely DSO grade. also 80% ownership of mine only.

As I have said over and over same arguments were raised against YML/BRM when they were 20c due to their deposit being covered by 50m's of top soil and well we all know how that turned out


More over I have repeatedly addressed these points with the response yes impurities are high, yes the grades are just DSO'able but thats why the Mkt Cap is so cheap,

You understand that don't you?

If the deposit was 60% Fe + with no purities along the coast next to a port the mkt cap would be $1Billion, not $60m, can you see that? The mkt cap is being heavily discounted due to the lower grades and impurities, but I think its too much,

I firmly believe a mkt cap of $100m minimum is warranted for a project of such scale

So please without constantly saying the negatives perhaps take into account the fact that the mkt cap is heavily discounted to take into account these factors

If the current mkt cap were say $250m I would be saying SELL SELL SELL risk to reward ratio is not in the stocks favour, but for a $250m mkt cap we'd need an SP of $4.15, so if it ever gets there check and see what I'm saying

I guess thats why I was happy to buy heaps more 60c-65c when it was falling back, because it was too cheap

Sticking to my guns, $1.50 - $2 target

But please DYOR

 

[Who Dares Wins]

For what its worth.....

Here is a photo of the Mayoko Police Station. I thought the town must have been reasonably large but was wrong.

I wonder what the company would do for a labour force if they developed the project into a mine, given that the median age of the male population is 16.5 yrs old in the Congo.

 

[Aargh!]

For what its worth.....

Here is a photo of the Mayoko Police Station. I thought the town must have been reasonably large but was wrong.

I wonder what the company would do for a labour force if they developed the project into a mine, given that the median age of the male population is 16.5 yrs old in the Congo.

Set up a camp to accomodate employees. Not too difficult.

Should be plenty of 16.5 year old males around to employ. Just dont let Tania Zaetta loose on the site

 

[Gekko]

Hey very interesting to see someone put up a big order for sell last thing in the arvo, and that at market price. Can someone pls explain? Isnt that a bit unusual or do you think its just a quick buck?

BUYERS SELLERS
Orders Quantity Price Price Quantity Orders
1 2,000 1.035 1 1.105 98,465 1

Holders will have known that that order has been there for weeks. I gather that justifies the "can someone pls explain"
Atma's views are well know. He said them at 70 then 80 then 90cents.

 

[YOUNG_TRADER]

Set up a camp to accomodate employees. Not too difficult.

Should be plenty of 16.5 year old males around to employ. Just dont let Tania Zaetta loose on the site

lol don't be mean, she was doing her bit for the troops

On a serious note, a work force should not be hard to find in Africa, I mean in that country money talks and well lets be honest you really don't need alot of money to do a lot of talking


p.s. is it just me or does the chart look like we may be about to have a massive breakout? I sorta see that cup shape too, also interesting how the wedge shape/triangle played out

 

[ans25]

Yes YT, that what I really think as well and just intrepreting your graph it sort of backs up what you said in regards to a breakout, that's why I didnt understand your notion of re-rating, because in my mind I think perhaps we may see the real(?) re-rating with it going on a mini MAK or GBG run.
It will be interesting see end of next week where sp is and whether the scope is released is.

 

[YOUNG_TRADER]

Hey Atma,

Not sure if you saw my previous post on the fact that DMM's deposit is open along strike but more importantly at depth

A majority of the holes ended in mineralisation which makes it very very likely that the deposit continues at depth, see the pics

 

[tigerboi]

Re:NO NEED TO UPGRADE THE RAILWAY!BEING DONE.

My biggest worry with this has been the railway & lately ive done some number crunching on ago going by road,but i thought i will keep mucking around to see what i can sniff out...found this african mining website but its locked...but got this info.however ill let you guys that hold dmc to go look at this..tb

google this:koreans to build congo railway

looks like dmc will have a new railway go past their site,just gotta get a mou with the korean loggers...reckon that would be easy..

what do you think yt?

http://www.cmkcgroup.com/eng/sub02/sub_0201.php