Dennis da Silva
Dynatec Corp.
DY-T
BUY
Apr 05, 2007
A contract miner that provides mining services. Has a nice nickel property in Madagascar with some great partners. Just got certification so they can start construction this year. Very large project and hopefully they'll be on by 2010.
Should be having a lot more promise than it has had. Was in a trough in tne early part of the year which looked like it had a head and shoulders pattern, but it is not panning out the way it should.
Gave a nasty surprise when it didn't hold the 200 day moving average. Given that it is a metal mining stock and all of them will do well, there could be a little bit of recovery.
A well-run company. Diverse asset base. If you like commodities, you should like this company. Relatively cheap compared to some of the others. He prefers FNX Mining (FNX-T) or First Nickel (FNI-T).
They own 25% of FNX as well as getting paid for operating their mines. Have a large holding of nickel laterite (?) in Madagascar. Nickel laterites have not always been that successful so the street is a little concerned. There may be better ways to play nickel.