Seeking Alpha

Proactive Investor's  Instablog

Proactive Investor
Send Message
Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
My company:
Proactiveinvestors
My blog:
Proactiveinvestors
  • Dart Mining To Reveal Details Of Share Placement  0 comments
    Nov 13, 2012 5:52 PM

    Dart Mining (ASX: DTM) is preparing to release an announcement regarding a capital raising by way of a share placement, with the company granted a trading halt from the ASX today.

    The company is currently advancing its Unicorn Molybdenum-Copper-Silver Project in north eastern Victoria following the completion of a Scoping Study that indicates strong economics for the project.

    Highlights of the study include a net present value (NYSE:NPV) of $255 million based on a 14 year mine life and a pre-tax internal rate of return of 27% at a discount rate of 10%. An additional six year mine life could add around $50 to $70 million to the NPV.

    Planned activities over the next 12 months include additional metallurgy, prefeasibility designs and studies, and the start of the initial approvals process.

    The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Friday 16th November.

    Proactive Investors is a market leader in the investment news space, providing ASX "Small and Mid-cap" company news, research reports, StockTube videos and One2One Investor Forums.

Back To Proactive Investor's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.