Is a uranium exploration and development company currently focused on advanced resource development projects in Namibia and Australia (QLD). While more speculative in nature, interim data on its proposed 2.2mlbpa Omahola Project in Namibia is encouraging with potential production in 2014. Economics look very robust (~US$25/lb U3O8 opex) and are likely to be enhanced by the inclusion of the new Ongolo high grade discovery in the PFS due the second quarter of 2011. While DYL?s flagship Omahola project looks increasingly more compelling, the the share price (currently $0.16) gets worse - this presents an attractive entry point.
