Symbol Lookup
Dacha Reports Assets of US$0.99 per Share With Inventory Valued at US$67.4 Million as of May 31, 2012
Published: 06/04/12 05:14 PM EDT

TORONTO, ONTARIO -- (Marketwire) -- 06/04/12 -- Dacha Strategic Metals Inc. ("Dacha" or the "Company")(TSXV:DSM)(DCHAF) is pleased to announce the estimated market value of its Rare Earth metals inventory. As of May 31, 2012, the estimated value of its metals inventory was US$67.4 million, a decrease of US$5.2 million, or 7.2%, from the estimated value of US$72.6 million at April 30, 2012, as reported in the Company's May 3, 2012 press release.

Assets include metal inventory and cash. At May 31, 2012, in addition to its metal inventory, which had an estimated fair market value of US$67.4 million, the Company's had cash of approximately US$7.0 million for a total of US$74.4 million, or US$0.99 per share, based on 75.1 million shares outstanding, or, US$0.88 per share on a fully diluted basis of 93.9 million shares outstanding.

As at May 31, 2012, Dacha's physical inventory portfolio consisted as follows:


----------------------------------------------------------------------------
Metals Inventory    Grades(i)   Quantity     Spot Price/kg      Market Value
5/31/2012                           (Kg)             (US$)     (US$millions)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Busan, South Korea
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Dysprosium Oxide          3N+     15,000  $          1,118  $           16.8
----------------------------------------------------------------------------
Dysprosium Fe         Santoku     12,000  $          1,325  $           15.9
----------------------------------------------------------------------------
Neodymium Oxide           4N+     18,000  $            116  $            2.1
----------------------------------------------------------------------------
Terbium Oxide             4N+     14,000  $          2,025  $           28.4
----------------------------------------------------------------------------
Yttrium Oxide              5N     14,000  $            125  $            1.8
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Jurong, Singapore
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Gadolinium Oxide         4N5+      9,950  $            260  $            2.6
----------------------------------------------------------------------------
Total:                            82,950                    $           67.4
----------------------------------------------------------------------------
---------------
---------------

(i)Grades:

4N = 99.99%
4N+ = 99.99+%
5N = 99.999%

4N5+ =
99.99%/99.999+%
---------------
---------------

Dacha's inventory, including market value is updated weekly every Monday morning and posted to the "Inventory" tab of its website at www.dachametals.com. Dacha encourages its shareholders and all other interested parties to visit its website regularly and to monitor the ongoing appreciation of its physical inventory of Rare Earth Elements.

About Dacha

Dacha Strategic Metals Inc is an investment company focused on the acquisition, storage and trading of strategic metals with a primary focus on Rare Earth Elements. Dacha is in the unique position of holding a commercial stockpile of Physical Rare Earth Elements. Its shares are listed on the TSX Venture Exchange under the symbol "DSM" and on the OTCQX exchange under the symbol "DCHAF".

Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward- looking information includes, but is not limited to, statements with respect to the Company's ability to trade in rare earth elements, the realization value of Dacha's physical inventory portfolio, proposed investment strategy of the Company, and general investment and market trends. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward- looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Dacha to be materially different from those expressed or implied by such forward-looking information. Although management of Dacha has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Dacha does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

The market value of the Company's physical inventory is estimated using price quotes published by two of the largest independent news sources for the metals industry, namely, Asian Metal (www.asianmetal.com) and Metal-Pages (www.metal-pages.com). In cases where these websites do not provide a price quote on the type or quality of metal held in the Company's physical inventory, the Company relies on a price quote provided by independent third-party industry participants.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

Contacts:
Dacha Strategic Metals Inc.
Scott Moore
President and CEO
(416) 861-5903
smoore@dachametals.com
www.dachametals.com


Marketwired News Releases
Today
10:00 PM Nuinsco Adopts Advance Notice By-Law
09:07 PM Adherex Reports Feedback from the FDA from End of Phase 2 Meeting
08:00 PM Vitesse "Timing is Everything" Seminar Goes International
07:54 PM Castle Peak Announces Agreement in Principle for a Two Million Dollar Strategic Investment
07:47 PM Century Aluminum Company Announces Pricing of $250 Million Offering of Senior Secured Notes
07:32 PM Rapier Gold Inc. Completes First Stage Drilling Program on the Pen Gold Project
07:20 PM / CORRECTION - Police Officer's Family Settles Death by Drunk Driver Case
07:19 PM Africo Resources Ltd.: Resource Assessment NI 43-101 Technical Report Completed on the Kalukundi Copper and Cobalt Project in the DRC
07:18 PM Payza Advises Members on How to Avoid Current Cyber Threat
07:13 PM Brandon Azadegan, Executive Vice President of Sanctuary of Paradise Valley, Inc., Eyes N. Old Mine Road in Scottsdale, AZ as Prospective Upscale Residential Development Plot
07:03 PM LCTI Low Carbon Technologies International Acquires a 50% Interest in Algae to Oil Joint Venture
06:51 PM / CORRECTION - HP Expands Thin Client Solutions for Mobility and Unified Communications
06:45 PM Oklahoma Tornado Reinforces Calls to Action Arising From Build it Better Leadership Forum
06:36 PM The Venetian(R) and The Palazzo(R) Las Vegas Unmask Summer With Carnevale, Inspired by the Festivals of Italy
06:32 PM Canadian Natural Resources Limited Prices C$500 Million in 7 Year Notes
06:31 PM Louie Anderson to Headline at the Plaza Hotel & Casino
06:30 PM Police Officer's Family Settles Death by Drunk Driver Case
06:30 PM NW Natural Reports on Progress of Key Initiatives at Annual Meeting of Shareholders
06:25 PM Asia Now Resources Corp. Announces Changes to Board of Directors
06:24 PM Four Acetaminophen Products for Children and Infants Recalled Due to Quality Concerns
06:22 PM Teras Announces $1.5 Million Dollar Financing
06:15 PM New App Creates Traditional Photo Albums From the Palm of Your Hand
06:11 PM DirectCash Payments Inc. Announces Shareholder Meeting Results
06:04 PM VentriPoint Announces Closing of Private Placement and Proposed Issuance of Shares for Debt
05:59 PM New Morris Animal Foundation-Funded Studies Will Help Species Worldwide -- From Bats to Elephants to Sea Lions
05:55 PM ENGINEERING.com Incorporated Announces First Quarter 2013 Results
05:52 PM Great Panther Silver Adopts Advance Notice Policy
05:48 PM Pershimco Announces Corporate Changes
05:47 PM IMPACT Silver Announces First Quarter 2013 Financial and Production Results
05:40 PM AXMIN Announces Shareholder Support for Control Person Resolution at Special Meeting of Shareholders
 

Powered By: FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes.
All other data is delayed at least 20 minutes.
By accessing this page, you agree to the following terms and conditions.
Stock Updates provided by MarketMinute.com
Mortgage Rates, CD Rates & Home Equity Rates provided by Banks.com
Stock Analysis provided by SocialPicks Conference calls info supplied by OpenCompany
Fundamental data supplied by Mergent, Inc.
Stock quote data supplied by Telekurs
Bots go here
close window
E-mail Article to a Friend




CLOSE WINDOW