DYL - Deep Yellow
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A lot of people question about the lofty value about DYL, I decide to devote some of my weekend time to sort it out.
If I said DYL=FSY.TO+NTU+EME+NUP+TOE+SIM+SMM+$25m, you might thing I am insane. How about a portion of them?
In Namibia, it has 18,000t uranium at 263ppm, FSY has 6000t at 190ppm, and a draw card for FSY, and developing;
Near NT and WA board, DYL not only has about the same size of land as NTU, but also has the Don's Find historic insection on its tenement;
Near Alice Spring, DYL has tenement around the Bigrlyi Deposit, more land than NUP and SIM combined, and sold the Napperby deposit to TOE. Also it has a good chance to get Angela deposit.
QLD is the most promising land for DYL. It has bought three great tenements from Superior near Mt Isa, with both historic drilling intersection, and drill-ready targets. Plus it has JV with MRX. JV has intersected significant uranium.
So just like SMM, we cannot simply use EV/lb resources to value DYL. Since it has so many high quality tenement, very experienced management team, has PDN as the largest shareholder, I believe DYL has huge upside.
If I said DYL=FSY.TO+NTU+EME+NUP+TOE+SIM+SMM+$25m, you might thing I am insane. How about a portion of them?
In Namibia, it has 18,000t uranium at 263ppm, FSY has 6000t at 190ppm, and a draw card for FSY, and developing;
Near NT and WA board, DYL not only has about the same size of land as NTU, but also has the Don's Find historic insection on its tenement;
Near Alice Spring, DYL has tenement around the Bigrlyi Deposit, more land than NUP and SIM combined, and sold the Napperby deposit to TOE. Also it has a good chance to get Angela deposit.
QLD is the most promising land for DYL. It has bought three great tenements from Superior near Mt Isa, with both historic drilling intersection, and drill-ready targets. Plus it has JV with MRX. JV has intersected significant uranium.
So just like SMM, we cannot simply use EV/lb resources to value DYL. Since it has so many high quality tenement, very experienced management team, has PDN as the largest shareholder, I believe DYL has huge upside.
DYL look okay. I have one thing to say..based on their namibian assets the 18,000 t resource is deceiving as this is spread over 5 seperate deposits that are not close to one another. Two of the deposits have 5,000 T but this is not enough for a mine to be viable. Just thought it was something important to mention. They do show potential though with their additional aussie assets. Market cap is at 408 million but they have funding for awhile yet before any funds need to be raised. Good luck holders.
All those figures are based on drilling done in the 1980s though aren't they? IIRC when Paladin retested their tenements recently their results were 4 times the amount of U they thought they originally had. Not saying this will necessarily happen with DYL but the chances are they have >18,000t than less. Even so 18000t is about $3.6 billion worth of U at todays prices (18,000,000 x 2.2 x $91 if I am not mistaken).
And some good news from QLD, Beattie has made a U-turn:
http://www.abc.net.au/pm/content/2007/s1880255.htm
I'm just pointing out the possible downfalls for new comers. Its really up to ASF readers if they want to put money into the stock. Its all fine and dandy to work out the inground value of the total deposit size..but if there isn't enough uranium in one spot they won't develop it. So yes..hopefully they do expand upon some of those resources.
They also do have some positives with their Australian tenements. I really don't know myself what value to put on DYL which is why I stayed out of them. Good luck if you hold. Uranium sector is booming so I don't think they would be going down anytime soon.
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DYL looks like having more tenements than any other ASX listed uranium companies. The deposit in Namibia is important, but is not everything. People should not get too excited, and fancy double or triple the resources without lift a finger.
However I guess it is better than nothing, or better than companies with only limited historic exploration and data.
I have to repeat that DYL's true future is in Queensland (which not is not queen's land?)
However I guess it is better than nothing, or better than companies with only limited historic exploration and data.
I have to repeat that DYL's true future is in Queensland (which not is not queen's land?)
theres not much potential to make even a 25% return as the market has factored in all upside and values into this share. Market value is over $400 million dollars, which is half of that of SMM with proven resources, and a bit higher than BMN which its resource is many multiples of DYL. DYL haven't even started drilling yet. lets not get too carried away mmmmining.
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Believe it or not, prior the transfer of Napperby deposit to TOE, it is valued at EV $8/lb resources (non-JORC), cannot consider it too expensive. Here again, I have to repeat it is nothing comparing the potential in QLD. I had never seen it so generous to issue 21m+ shares to MRX just for 51% of the interests, and have to spend millions of dollars to explore alone.
Here again, please read my previous analysis. There is much more than your one-liner, and I am glad to know that you are not on the board yet.
Sean K
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Consolidating now since looking like it was going to break up. Interest evaporated pretty quickly. Maybe the market cap is just too much for this one at the moment.
Fundamantals still uncertain on this for me. Just prospective really. The Tanami Gold uranium rights look interesting, as does the Mt Isa tennaments. The new lisences near Angela and Pamela in NT also have potential. The 10% interest by PDN has me intregued. What do PDN want with 10% of this? Strategic block? Potential partner...?? Still, just prospects with nothing really solid, so I'll stick to the chart for the minute.
42.5 looks to be short term resisance now, but also links up with some medium term static. Could range between support and resistance now unless a decent ann is released. Not really happy with it's move at the moment. MACD still looks good although just looking like it might fall over....
Fundamantals still uncertain on this for me. Just prospective really. The Tanami Gold uranium rights look interesting, as does the Mt Isa tennaments. The new lisences near Angela and Pamela in NT also have potential. The 10% interest by PDN has me intregued. What do PDN want with 10% of this? Strategic block? Potential partner...?? Still, just prospects with nothing really solid, so I'll stick to the chart for the minute.
42.5 looks to be short term resisance now, but also links up with some medium term static. Could range between support and resistance now unless a decent ann is released. Not really happy with it's move at the moment. MACD still looks good although just looking like it might fall over....
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Hi Kennas,
As usual, this stock will go up, down or sideways. I tend to think this is a good opportunity to get back in and that sp will head north again. The proof for me will be if it closes above 42.5c.
I'm out at present, but if I were in I would give it a little longer to break one way or the other. I like the management of this company and am optimistic about its prospects in the long and short term.
Cheers
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Starting to gain some strength at the moment. Volume is up already and hopefully a break above .445 can be achieved this week.
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PDN bought another 10M shares of DYL on 29/03.
Fortunately i also picked DYL the same day and now slowly going on the uptrend.
Fortunately i also picked DYL the same day and now slowly going on the uptrend.
Sean K
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Looking good now, just passed the .455 mark of most recent high. Good sign, smashing out of that small retracement that occured last week.
Sean K
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I don't think it's day traders buying this. Some pretty hefty numbers being thrown about here. Maybe PDN is upping its stake. Speculation, but there has been quite a number of $50K + trades go through this arvo. I had planned to sell at 47, but will hold a bit longer to see what the commotion is about. Maybe greed will have the better of me. What's the saying 'plan your trade, and trade your plan'. Oh well.
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Most diversified land holding, and may be the largest land holders amount ASX uranium.
Land doesn't mean much unless you have resources, but the PDN connection/leon connection is helping it.
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If let you and me pickup a land, it might end up somewhere cheap and useless.
Remember, DYL's people are ex-PDN. They are very experienced. I have a map,"The Investor's Australian Uranium Hot Play Map", and wish you have one too so you can see the location of them, very high quality, trust me.
