OK, Dakota Mining is suspended from trading.
In this great cyber world, who has new information? I know that they continue to be in production in Alaska, Their Gilt Edge mine will shortly receive a licence renewal and they have been and ARE producing all year without seasonal hesitation. I expect production to be a minimum of 50,000 0z at corporate costs at much less much 230 per oz this year, and this is a managed production number. They have the capability of 200,000 oz upon will. That will is to be prompted with the rise in the price of gold.
The current mess is due to refinancing 15 million debt (guess) eliminating the short term Rothschild debt cycle. This refinancing should be completed in 2 - 3 months and the stock should resume trading.
Below are factual numbers as presented in the USMX/DAKOTA merger information booklet.
GILT EDGE MINE----So. Dakota-----Currently Producing*---100% owner
STIBNITE MINE -----Idaho previous producer, on idle, 100% owner
ILLINOIS CREEK----Alaska----previous producer, on idle waiting for new permit, est. 2 months-----100% owner.
THUNDER MOUNTAIN------Idaho---In development for 1998-99 production. 100% owner.
OPHIR------Alaska-----Exploration----100% owner
6 MEXICAN PROJECTS----Mexico------J. V Exploration----35-100% owner
ZAMORA PROJECT----Ecuador----Exploration----100% owner
YELLOW PINE-----Idaho-------Exploration------50% owner
Corporate Estimated Production: (made in 1997)
1998 200,000 oz (approximately)
1999 200,000
2000 200,000
Gold Oxide Reserves (Proven/ Probable)
Grade Contained oz. of Gold
Illionois Creek-.064-----442,000
Thunder Mtn.-.047----250,000
Gilt Edge-.029----223,000
Stibnite-.040----49,000
----------964,000 oz Total
Gold Sulfide Mineralization
Gilt Edge-.038----1,712,100
Stibnite-.052----218,400
Yellow Pine-.060----1,700,000
----------3,630,500 oz Total
Financial Data (1997 - 2000)
Current Position ---- Subsidiary bankruptcy (temporary for refinancing Alaska mine debt)
ASSETS-----PLENTY---
GOING BANKRUPT----HARDLY----
NOVICE SUMMARY ----either management intellectual incompetence
or
Carefully managed corporate image destruction orchestrating low stock price manipulation for fantastic gains with the rise in POG.......
OK folks, that my stuff!
I'm selling my stock at $45.00 a share in about 2 - 3 years when gold goes to $500 - $600 per oz. DON'T LAUGH, IT COULD HAPPEN!!!!!
Well, if gold goes to $400 per oz @ $230 costs, and DKT produces 100,000 humble oz with 52,000,000 shares outstanding they should command .38 cents a share earnings. At 40 times earnings that equals a first target of $11.00 a share.......
Even at 10 times earnings, BIG PROFIT.
Any gamblers out there? |
