SmallCapSentinel.com: Eleven Hundred Reasons
16 Februar 2010 - 4:00AM
Monday's closing gold spot price above $1100 U.S. should come as
welcome news to investors of gold and gold equities. According to
Kitco, gold is now up $162 for the year or +17%. This certainly
bodes well for gold companies like Dana Resources (OTCBB:DANR) as
the value of their exploration efforts increases in lockstep with
the rising spot price.
And as happens with any resource, the rise in price sparks a
rise in interest in the near term producers with alluring
prospects. Dana's status as a near term production company with
advanced phase projects in Peru should certainly garner interest
among the gold bugs, particularly those who like a slightly
different story or geography. Factor in that Dana's flagship
property is reported to contain in excess of 1,100,000 ounces of
near surface gold that's friendly to open pit mining and the
company begins to distinguish itself from a cast of companies
hoping to cash in.
Dana is also powered by a veteran management team with recent
success in placing another mine in production, expertise they can
clearly use in the Peruvian effort. Additionally, other projects in
Dana's portfolio have had direct joint venture with the majors,
including BHP Billiton. Again, brand separation from other emerging
gold companies.
It is also important to note that Dana's properties are adjacent
to the largest producing gold mines in Peru, a fact that should fan
the flames of interest ignited by gold at a compelling $1100 an
ounce.
Find out everything that's being said on the web about DANR at
www.BoardMark.com
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subject to significant risks and uncertainties affecting results.
Integrity Media Inc. (IMI) provides no assurance as to the subject
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be used as basis for investment decisions. IMI isn't an investment
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investment advice. IMI has been paid $5,000 by SKM Media Group for
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CONTACT: Integrity Media Inc.
Kurt Divich, Editor
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