The strategy is now unfolding and is very clear with respect to...

The strategy is now unfolding and is very clear with respect to ensuring shareholders get maximum value for all top class assets.

ARM will effectively continue to own between 65-70% of Camel Hills via its JV interest and owndership of DSN. DSN will now take Camel Hills and nail it on the exploration front whilst ARM focuses on its Manganese in 2010.

I would expect a very quick flow through appreciation in DSN as its shareholders realise that they our now set to enjoy the same kind of news flow that ARM did in late 2009 and early 2010.

This completely changes the dynamics of ARM's ownership in DSN. With a solid project under its belt DSN's market capitalization will now have to start flowing through to ARM's shareprice.

AT 20cents DSN is worth approximately $10million or 12.5 cents to ARM.

AT 30cents DSN is worth approximately $15million or 19 cents to ARM

Any further north of 30cents and you start to get the picture.

As yet it would appear as though ARM has received no revaluation impact from DSN at all since they were both sub 10cents last year. That time could be about to change.

Success in DSN will definately begin to flow through to ARM in the short term and beyond.

IMO
DYOR