Topic: How To Invest

Hi Pat: I would like your take on Dynasty Metals & Mining. Thanks.

Article Excerpt

Dynasty Metals & Mining, $1.42, symbol DMM on Toronto (Shares outstanding: 42.5 million; Market cap: $62.8 million; www.dynastymining.com), is a Canadian company that is focused on producing gold and developing resource projects in southern Ecuador. The company owns 100% of the producing Zaruma gold mine; the Jerusalem gold project (an advanced-stage gold property); and the Dynasty Gold Fields (a large-scale discovery). Mining projects in Ecuador face considerable opposition from environmental and indigenous groups. However, the company’s properties could hold as much as 6 million ounces of gold and 27 million ounces of silver, and it can use the cash flow from Zaruma to develop its other mines. Dynasty is okay to hold, but only for highly aggressive investors who are willing to accept above-average political risk. …