thoughts

Spent a while researching this and jumped in after confirmation of the Non-binding conditional takeover offer (subject to due diligence) at 50% premium to current sp.

Strachan's September report is a very good read - Note, excludes recent Jinshan drilling which has extended the mineralisation zone 320 metres west..

Strachan Report

68c target.

Several parties are looking at taking DMG over, and IMHO they will be acutely aware that now is a good time to do it, before the resource at Jinshan expands to a good extent and becomes JORC compliant.

Summary

Resource currently estimated at 3.7million ounces, with significant upside expected. DMG's biggest deposit, ZhaoGou (1.6mil ounces), remains open to the East/West, and at depth. Some of the hits there include 172m @ 3g/t and 115m @ 4g/t

Numerous additional gold lodes identified (particular on Jinshan licence) but yet to be thoroughly drill tested... As per following image:



Check out Jinshan and Li Ba project overviews at the company website: Here

Coy trading at $80million market cap ($20/ounce) whilst under a takeover offer at 50% premium to the current share price. Crazy stuff, but thats what you get with under the radar companies sometimes...