Cadets, this chart is a dream. All Bullish signals mean the trend is pointing higher. Take a look at some of the most valuable info available, and you’ll be convinced.
After a progressive downtrend, the from the $0.40’s to the high $0.20’s we see double confirmation that a new trend formed. Both the horizontal overhead resistance line was breached with authority, but a new trend emerged forming a bullish channel. This is a much stronger trendline that the previous and shows buyers coming back in force. Remember, Volume confirms every move.
As added security, all three technical indicators are in agreement: This stock is going higher. The RSI, MACD, and even full stockastics all show a markedly higher trajectory. Can we retest the recent highs from here?
Troops – the masses are coming. The volume will continue to be there. Wait till you read this report.
What has the Major so excited about DNAP?
When a $33M co. Announces $10M Revolving Credit Facility to Support Growth and Advance Production Efforts, the Major pays Attention – and so should you!
Show me the Gold!
DNAP is focused on near term production of the Montauban tailings mine in the Province of Quebec, Canada with an aggressive search for economic production assets. The company trades on the OTCQB market
DNAP is focused on becoming a gold and silver producer this year. The Company is 100% unhedged thus positioned to fully benefit from any future rise in precious metals prices. Their main asset is the Montauban Tailings Mine Property located at Notre-Dame-de-Montauban in one of the world's most favorable mining jurisdictions; the province of Quebec.
DNAP has undertaken an unconventional business approach within the realm of the mining industry. Instead of focusing on the higher-grade ore, the Company has focused on the extraction of gold, silver and potentially, the industrial mineral mica (phogopite) from the approximate 2.5 million metric tons of historic mining residues ("residues") situated in the Montauban area. The extraction of the valuable metals from the residues is a low cost process compared to the processing of ore.
DNAP estimates the economic potential from the processing of the residues is approximately $174 million dollars. The total cost investment for DNA Precious Metals Inc. to get into the production phase is just under $10 million dollars. With low production costs and high gold-silver prices, DNA Precious Metals Inc. believes they will enter profitability.
The DNAP Story: Show me the Profts!
Centuries ago someone coined the phrase “safe as houses.” But houses turned out to be a little unsafe as the meltdown of 2008 proved.
What have been safe though are precious metals, especially gold and silver. We shouldn’t be surprised; we are talking after all, about two things that have been making people rich since Alexander the Great (and Julius Caesar).
Gold and silver rocks – literally
DNAP recently announced the company has secured a Revolving Credit of up to $10 million with a Chicago based private equity firm to provide operating capital and fund mining acquisitions as well as future production.
The CEO even stated, “Obtaining this credit facility is yet another significant event in our development and growth plans. With another strong funding partner behind us, this clearly demonstrates to customers, partners and targeted acquisitions collectively that we are in a position to execute. This new credit facility puts us in a stronger position to address our capital requirements for the continued growth and expansion of our Quebec mining projects.”
DNAP closed an agreement to acquire the complete geological data resource on the Montauban Mine, in addition to its press titled "Binding Agreement to acquire an undivided one hundred percent (100%) interest for all of the Montauban Mine Property located in Notre-Dame-de-Montauban, Quebec, Canada".
DNAP expects to earn a total profit of $166 million over a 10-12 year life including additional life due to improvements made to mine. The agreement includes rights to a mining concession, mining lease and mining claims.
DNAP is actively looking for tailing assets across Canada and is also interested in mergers and acquisitions with producer to grow inorganically. The Company’s experienced Management team has successfully positioned DNAP as a low cost mid –sized precious metals near term producer with significant growth opportunities.
Did you miss the Socchi Winter Olympics?
DNAP has got Gold, Silver and Canada. This is a medal winning trifecta. What more could you want in a potential trade?
Speaking of potential….
Potential Price Target: Cohen Issues $1.30 price Target
Just a few months ago, Grass Roots Research reviewed the company and issued a price index target of $1.30. Read the full report here.
Where it goes from here - stay tuned until tomorrow's update. Put DNAP on watch right now