Hoofa, quite agree with what you are saying but one thing I do wonder is whether they would raise some funds from their Napperby project if they needed it. I note (from DYL's webpage) that Toro energy have an option to purchase this project. Given that the cashed up Oz Minerals have a good stake in Toro, and Oz Min are currently a one mine wonder, IMO there is a possibility that this may happen once the new CEO of Oz Min gets his feet under the table next month. I have no idea what Napperby is worth though.
There is also a JV with Xstrata at Mt Isa that could be sold off if funds are needed for mine development/BFS in Namibia, if indeed that is even part of their plan. My guess is that they only intend to prove up the uranium and then sell it off to the highest bidder - Chinese, Koreans, Areva, Cameco etc.
I'm sure there are many, many other options available to DYL.
KC
Hoofa, quite agree with what you are saying but one thing I do...
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$1.51 |
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Mkt cap ! $1.463B | |||
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