PDZ have given "Ivernia" (Toronto) the option to buy a 60% interest into their Prarie Downs project for an initial investment of $3 million, followed by another $10 million if they like what they see.
That makes Dynasty's 100% ownership a lot more valuable at this stage especially considering they have already proved up a resource base.
In my opinion, even though the selloff after the spike was dissappointing, it gave the last of the stale bulls a chance to get out. The traders will try and "shake out" the buyers who got in at those higher levels, but once that is complete, the next rise above the 30+ cent area should have a bit more conviction. Might take a little time to unfold, but it will unfold.
DMA Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held