The coal seam gas play caught my eye with DMA. They should be over mid-way through seismic programme. Think of the value to be added if they discovered commercial gas. They cherry picked the Irwin River tenement as being the most prospective in WA, on the advice of their technical adviser. It is right in the heart of the booming Mid West.
Kunderong tenement is not even granted yet, and the application will remain 100% Dynasty Metals.
URI was the one who offered the JV to DMA as Kunderong is close by 4 of their granted tenements (Pingandy project), is how I read it. They would have been obliged to spend money on exploration with the JV, and all URI said basically was they want to focus on their granted tenements.
If someone is spitting dummies behind the scenes, it makes for an entertaining sideline and I'll wait out the fallout. DMA have so many interesting exploration targets that could realise future value.
DMA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
