what is the cheapest ev pt hemitite jorc junor, page-70

According to a few posters who have called the company, it looks like the Scoping Study for DMM is out this week.

Whether that be thursday or friday who knows?

Personally, id prefer friday after hours so it can be fully absorbed over the weekend.

Intersuisse have recently put a buy recommendation on the company and suggest they can be mining 11mtpa hematite by 2010.

If thats the case, they assuming they earn $45pt, then earning may be as high as $495mn+ per annum.

Current Mkt Cap: around $50mn


The post that this post is reply to shows the Intersuisse buy recommendation from May 08.


As im sure you've al noticed, stocks are running on announcements.

DMM can open at recent $1.10 high and run much much higher.


Mkt cap is minuscule and as the company say, they are a near term PRODUCER.



US hedge fund Passport Capital is also a major shareholder.


Not too many $50mn juniors have a $5bn US hedge fund as a major shareholder (having bought their shares ON MARKET up to $1).



Future 20bagger+...


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