corporate restructure - will the giant awaken?

The announcement:
Corporate Restructure
Dragon Mountain Gold Limited (ASX: DMG – “Dragon Mountain”) is pleased to announce the appointment of experienced mining executive, Mr Paul Piercy, to the Board as a Non-Executive Director, effective from 8 October 2009.
Perth-based, Mr Piercy brings with him extensive Australian and International mining and resources industry experience. Mr Piercy also has significant experience in China where he was based for a number of years.
Mr Piercy is a metallurgist who has held senior management and technical positions within the Rio Tinto Limited group during the 1980’s and 1990’s, including General Manager of Hamersley Iron’s Dampier port and rail operations, General Manager of Hamersley Iron’s Paraburdoo & Channar operations and Managing Director of Novacoal and Kembla Coal & Coke.
More recently Mr. Piercy was Managing Director of WesTrac Equipment from 1997 to 2000 before playing an integral role in the successful establishment of WesTrac China, as its Chairman/CEO based in China.
Mr Piercy is Chairman of APAC Coal Limited and a Non Executive Director of Australasian Resources Ltd.
The Board would like to announce the resignation as a Director of Mr Alan Beanland. The Board of Dragon Mountain would like to acknowledge the hard work of Mr Beanland in bringing the Company

Comment:
I think DMG must have 7million dollars now. MIning licence might soon be granted if memory serves me correctly. Are we about to see a Perseus type surge? Long suffering holders will be hoping so.