Value Microcaps Junior Miners

[dr_airtime]

DPM.TO - context for current rally.

Dundee basically bottomed when they announced their Q1 results with cash costs that were double that of Q1-13 average ($573 vs. $273). Still very low and regardless per the Q1 PR:

Lower overall metals production and higher costs during the quarter due to lower grades and recoveries in the areas mined at Chelopech. 2014 guidance to be achieved through higher balance of year production.

http://www.dundeeprecious.com/English/news-and-events/news-releases/NewsDetails/2014/Dundee-Precious-Metals-Announces-2014-First-Quarter-Results/default.aspx

Dundee is like Yamana in that their gold ounce cash costs are sector-low from strong base metals credits.

I'm hoping we'll get a pullback from +7% yesterday so I can add more and hopefully enjoy another rocketship ride with Dundee going over $6.00 if gold breaks $1400 in 2012.

Like I said before, leading indicator and huge rallies on last three sector rallies (where it has been one of best performers).