Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: marcos who wrote (63013)	1/23/2009 12:00:46 PM
From: Claude Cormier	Read Replies (1) of 78419

Yes. The key question is Ecuador mining law and final royalties. If Ecuador comes clean (and it looks it will) and if royalties stays at 5% or even 6-7%, and assuming no flat tax is added untill gold is well into the stratosphere, DMM is a strong mid-tier producer in 2-3 years from now with a production of likely 300,000+ ounces of gold with lowcosts production. With 6M ounces in resources, that is a reciepe for a market cap of between $1B and $1.5B at current gold prices and based ont a comparison with some peers.

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