Merger Dacian & NMT - Discuss: Good idea or not?, page-4

All very good points. There is one slight error i.e. NTM cash holding is $5.2mil.

The other points that I had mentioned in my previous posts but added here for discussion are:
1) The merger is based on the assumption that NTM ores will be trucked to DCN plant to be processed. However I will argue that this assumption may need revisiting if exploration uncovers more gold on NTM tenement.
2) If NTM has a better chance of striking gold (dependent on geologist assessment) some of the $15mil (some of this would have already been spend) allocated by DCN for exploration can be diverted to conduct more intensive exploration on NTM tenement.
3) If a standalone plant is justified (assuming a lot more gold are discovered perhaps upward of additional 1Moz+) DCN can generate the cash ($300mil+ just based on the Jupiter O/P mine and excluding a lot more U/G gold) needed to fund the processing plant.
4) DCN is grossly undervalued at the moment and therefore the marriage has the following trade-off: NTM shareholders getting undervalued DCN shares and a quick production of the gold whereas DCN may benefit the potential of more gold on NTM tenement and the immediate benefit of additional mine life of 3 yrs+ which will generate investors interest and therefore lifting its SP for the benefits of both NTM and DCN shareholders.

DYOR