dmm.to - ' ... DMM expects the Ecuador gov't to use Dynasty as a showcase mine for future possible development. Ecuador's sub-secretary of mines, José Serrano, was at the presentation to answer questions ... '
incakolanews.blogspot.com
[edit] - whole paragraph -
'In his presentation CEO Washer of Dynasty said the following:
DMM is in production now, is ramping up production now and its first gold pour is happening next week
The relationship with the government is good. The present situation is that the company is in discussions with the gov't regarding the production contract (royalties etc). DMM expects the Ecuador gov't to use Dynasty as a showcase mine for future possible development. Ecuador's sub-secretary of mines, José Serrano, was at the presentation to answer questions.
The Zaruma plant is expected to reach commercial production by the end of 2009.
Cash cost is projected at $300/oz'
I'm headed into next week very long Dynasty, aware of the risk and it exists yes for sure, i just think far too much risk is currently baked into shareprice ... royalties will be stiff, we've known that for a long time now, yet current admin down there do want a modern mining industry, they are imho sufficiently intelligent to know that that means leaving something on the table for the miner, and importantly, they have enough political clout to make their influence stick |
