I have been away the last few days for work - but did manage to catch the beneficiation results.
Could you please detail what you found disapointing about the actual beneficiation results? Everything I read was positive.
And while we had already suspected they would be positive based on the news alluded to in the quarterly, they had not been formally announced - so this is still a positive step forward for DMA.
The announcement also goes on further to say that they will be doing further testing which will no doubt lead to an increased resource estimate.
The only other company I have had experience with this particular kind of iron ore is BRM. DMA has a very similar resource to that of BRM, and if you look at the history of BRM there is a very good indication of what could happen to the DMA market cap given time.
I just hope DMA doesn't get taken over before it can get to production!
DMA Price at posting:
22.0¢ Sentiment: None Disclosure: Held
