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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (63013)	1/23/2009 12:00:46 PM
From: Claude Cormier	Read Replies (1) \| Respond to 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.