Agree.. the truth is not always crytsal clear with these NRs coming out of ecuador. I have a sizeable invstment in DMM.TO which goes into production Q2 and was very glad to see the company issue a release this afternoon to calm the fears a little.
Dynasty Concessions in Good Standing
Friday January 25, 3:47 pm ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 25, 2008) - Dynasty Metals & Mining Inc. (TSX:
DMM -
News; "Dynasty" or the "Company") understands that it has been reported that the government of Ecuador will not renew mining concessions where concession fees have not been paid in a timely manner as required by the current mining law.
The Company has two advanced-stage projects, Zaruma, which is near production, and Jerusalem, as well as a highly prospective exploration project, the Dynasty Copper-Gold Belt, which includes the Dynasty Goldfield, the Copper Duke Project and the Marianna Joint Venture among other prospects.
Dynasty Metals & Mining Inc.
Robert Washer, President and CEO
Along with WGI, I believe DMM is one of the cheaper gold stock on the market that is either in or appraching production. If you can stomach the political risk in ecuador that is ;)
