We would be better voting in a board that can re-instate value...

We would be better voting in a board that can re-instate value to the share price than hoping for a takeover. If an offer was lodged for DMA now it would most likely be at a fraction of it's true cost.

There have been many sales or farm in agreements of late that value iron ore projects between 20 cents to $2 per tonne of contained iron metal. The rather large variation depends on whether the resource was an early stage exploration company or a more advanced Inferred Mineral Resource.

If we use the lower range of valuations to the DMA resource of 1.4billion tonnes graded at 23.5% and the Marra Mamba resource of 23.3 million tonnes garded 44.2% the valuation would be approx $68 million or about 65 cents per share.
This back of the envelope valuation does not take into account the value of the other exploration tenements or the beneficiation process that could potentially produce a DSO grade product that would probably be valued at closer to $1 per tonne of contained metal,

It would be highly unlikely that we would get AGO,BRM or anyone else to come close to that figure so IMO we are much better to vote in a board that can advance the project, discover more resources , set in place processes and procedures that ensure good corporate governance that will provide confidence to institutions and share brokers to invest in the company again.

The current non existant share trading in DMA is a joke. No trades at all today and very little depth in the buying side shows that investors have lost confidence in this stock.


Time for a change