CPTMatt DNI.c Great work. Proofread my last post. Heres the reprint with some holed filled in.
Zinc property acquisition (not yet closed)
Copper property acquisition (not yet closed)
Silica sand exploration on one of their properties
Of those, they are keeping, one base metal company for the cash and future cash for the asset
The Silica property This again is a poly metallic property with some fracking potential. No interest here now.
The acquisition was for the cash. They have no interest in the base metal property and can sell them off later.
Mineral lab: They have enough to close it, but are working on the last $ that will carry the property through drilling, NI43101 resource and the PEA meaning no need for further financing through PEA. There going to get that closed before they even start. I have a group thats going to help this week.
When there done with the acq and the raise, the'll have less than 90 M OS with 40 Mil warrants at .10
When they close the Lab and start drilling (in 6 mths time they will have the entire property, drilled, shipped to the lab and assey results in, due to no rock saprolite and the fact their lab will handle the cores under supervision) Thats a hard to believe statement but part of the reason for the surprise for the market. The market will catch on and the 1.5 M market cap will be no more. This is a world class property and its 40km to the port with the major highway going straight through their property. The $4 M in warrants will come in and they'll use that as the down pmt on the 10 - $15M needed for the processing set up. With the finance studys and CF from the lab, they should be able to finance the rest from the banks. This will allow them to process with costs at $500 or less per ton where as all of the Canadian producers are at $1000 - $1200
Now the real beauty. DNI is already fully permitted. Challenge, Find a Canadian graphite miner fully permitted? Energiser resources, also in Madagasgar, just press released today, they raised money to file for their permits. Their investors are excited I see on the boards. Little do they know, its free to apply unless they are greasing somebody
Matt Yes I think they are that good. Call Dan. Mention me. If it plays out like that, put a multiple on 10 cents a share earnings for future share value on the mine alone. Purchase shares at .05 now.
As to the listing, they have plans to list on the OTC QX very soon as they know the CSE is slowing things down.
DNI is the perfect storm right now.
Checkmate28
AI
