Dacha Strategic Metals Hits New Yr High
Dacha Strategic Metals Incorporated (DSM.V) is up 4 cents at 79 cents and has hit a new year high of 82 cents with around 2.5 million shares traded.
June 13, Dacha Strategic Metals Inc. announced the continued appreciation of its Rare Earth metals inventory. As of June 10, 2011, the estimated value of its metals inventory was US$91.7 million, or C$89.7 million, an increase of C$26.4 million, or 42%, from the estimated value of C$63.3 million at May 27, 2011, as reported in the company's May 30, 2011 press release.
Assets include metal inventory, cash and marketable securities. At June 10, 2011, in addition to its metal inventory, which had an estimated fair market value of C$89.7 million, the company's equity investments had an estimated fair market value of approximately C$2.7 million and cash of approximately C$4.2 million for a total of C$96.6 million, or $1.32 per share, based on 73.2 million shares outstanding.
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