Dynacor Gold Mines is one of those rare companies that is producing gold from their own mine as well as milling gold for others and generating sufficient cash flow to cover all exploration expenses on several of their prospective properties as well as the overhead....that makes Dynacor unique as well as a valuable asset. Add to that a tightly held share float and you have a winner on your hands. .
A) No dilution in share structure needed
B) Several prospective gold properties in Peru
C) Producing gold from their own mine
D) Milling revenue from their mill
E) VERY Undervalued (Oct 2010)
Common shares outstanding : 30,214,285
Options : 3,000,000 (average price .31)
Convertible note : 6,466,035 (.40)
Fully diluted shares : 39,680,320
Share price :
.80 (Oct 06, 2010)
Institutional shareholders ( over 70%)
- Sprott Asset Management
- AGF
- Trapeze Asset Management
- Caisse de Dépôt et de Placement (Sodemex)