I still think there is room for upside, just a matter of when!
1. Beneficiation on Prairie Downs should be released soon, which if positive will bring a large resource upgrade.
2. Further drilling to be released
3. The infrastructure problem which is the bane of every junior in the pilbara is soon to be resolved via QRN opening up a rail to third parties. DMA should definitely be able to get onto it if it's sorted out.
These are all happening hopefully within 2012. It is a terribly thinly traded stock. It has gone down to 9.5c on almost no volume... it will take nothing to shift it back up to it's previous highs (and beyond).
They just need to progress the projects and get some good news to market. In the meantime, positive news coming from QRN will be a big catalyst for a re-rating as investors seek out previously stranded junior resource explorers!
DMA Price at posting:
9.5¢ Sentiment: None Disclosure: Held
