thoughts on dma, page-7

http://www.silverton.hk/en/steel_company_4.asp
XingHuas decision to invest in Dynasty reflects the significant potential presented by the Companys project portfolio, and the calibre of the Pilbara as one of the worlds leading Iron Ore provinces. XingHua views Dynasty as an attractive and undervalued investment opportunity backed by a strong board and team of leading technical consultants, and will support both development and commercialisation of our projects through potential off take.
Dynasty Metals Australia Limited ASX: DMA
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Dynasty continues to build on the established 453 million tonne inferred JORC resource in its current drilling program, and pending shareholder approval, the placement to XingHua will enable the company to further expedite exploration activities and pre feasibility studies.

With a MC of $17 mil post placement $10 mil cash tight and 453 million tonne JORC-compliant Inferred Resource equates to under 4 cents a ton.