posted on
Feb 28, 2010 04:25PM

A Canadian mining exploration company

Message: Re: I am In!
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Welcome onboard Lethalgal! I remember you from the Freewest site so it's good to see somebody else I recognise here.
At face value, DAN.V looks very undervalued - sizeable and growing P2O5 resource base, whose grading and contaminants after beneficiation would rank it very favourably versus overseas competitors. The resource has little overburden and the recent scoping study showed that the Le Paul zone would be economic to mine at current rates of rock phosphate prices: the key point being that infrastructure is largely in place and nearby, so a clear positive. It is also sitting on prospective silver and gold tenements in Mexico which may prove to be jokers in the pack. Like with FWR.V, the market cap vs potential in-situ value is way out of synch, and with a strong likelihood that the phosphate resource will be increased by the end of the year (in-fill drilling and evaluation of other zones), this situation looks to persist. The market seems to have forgotten about this one, possibly because FOS.T has not been able to get its Martinson project off the ground and maybe the market is casting all villains in the same light. I don't know for sure. The story looks interesting and is chugging along nicely. Just need the market to take a closer look!
CJ
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