Silveroil
10 Feb 2015
Activity After weeks of very little activity, someone has decided today is the day to invest in Minco
KNEES
13 Jan 2015
Re: Dalradian Resources Update Initial blast completed in late DecemberDalradian Resources Inc. (DALR-AIM, DNA-TSX) announced this morning that the initial underground blast at its 100%-owned Curraghinalt project near Omagh in Northern Ireland was completed in late December 2014. The blast went as planned and in accordance with DNA’s planning permission for its underground exploration programme.UNTIL WE FIND A BUYER FOR ANOTHER UNDER THE TABLE DEAL (PG springs to mind)
Boscod
07 Jan 2015
Dalradian Resources Update Davy ViewIt’s been a long time coming. The initial use of explosives for underground gold exploration at the Curraghinalt gold project in Northern Ireland has now been achieved. Historically, the project was limited to slow-moving rotary drills for its underground development due to long-standing local restrictions on explosive materials. This milestone adds to the momentum the project is gaining as it unfolds its extensive 2015 underground exploration programme.Initial blast completed in late DecemberDalradian Resources Inc. (DALR-AIM, DNA-TSX) announced this morning that the initial underground blast at its 100%-owned Curraghinalt project near Omagh in Northern Ireland was completed in late December 2014. The blast went as planned and in accordance with DNA’s planning permission for its underground exploration programme.Underground drilling to begin in March 2015Aside from the blasting, the company is busy with civil work associated with its water treatment plant and preparations for underground drilling, including taking up rail track, slashing adit walls and drilling off locations of drill bays. Underground drilling for the pre-feasibility study will begin in March 2015E.C$30m programme underwayThe Curraghinalt project represents one of the highest-grade, large and undeveloped gold deposits in the world. The key unknown for the project is the true continuity and average thickness of the veins. DNA’s underground programme is estimated to cost C$30m and will include 1,200 metres of underground development and 20,000 metres of underground drilling. We expect a pre-feasibility study to be completed mid-late 2016E, which should feed into an environmental impact assessment and an application for planning permission for an operating mine.ValuationWe are maintaining our ‘Outperform’ rating and C$1.60 price target. Our target is based on a NAVPS (5%) of $2.24 (unchanged) and a P/NAV multiple of 0.70x (unchanged)
