Breaking News Coverage
for DNA Precious Metals, Inc., (OTCQB: DNAP)
- December 12, 2013 |
- Last Trade: $
- Change:
- Open: $
- High: $
- Low: $
- Volume:
Company Snapshot |
DNA Precious Metals Inc.
9125 rue Pascal Gagnon
Suite 204
Saint Leonard, QC HIP IZ4
Canada
www.dnapreciousmetals.com
Officers:
Ronald Mann CEO
Tony Giuliano CFO
Tel: (514)852-2111
Sector: Mining
Ticker Symbol: DNAP
Exchange: OTCQB
Shares Outstanding: 90,028,000
52 Week Low: $0.27
52 Week High: $0.66
|
DNAP SMS Alerts |
Never miss news alerts from
DNAP - Text PRESS to 545454 for
Free News Alerts |
DNA
Precious Metals Inc. Announces CEO Feature
Interview by CEORoadshow.com And Upgraded
Research Report
As a result, the
report further indicates, “DNAP common stock is
valued at $1.30 per share, 188.1% higher than
the current stock price of $0.45 per share.”
Montreal,
Canada – December 12, 2013. DNA Precious Metals
Inc. ("DNA" or "the Company") (OTCQB: DNAP)
today announced that
www.CEORoadshow.com has conducted an audio
interview with Ronald Mann, Chief Executive
Officer of DNA Precious Metals Inc. The
interview includes an overview of DNAP's
business and its forward-looking strategy and
will be available on YouTube, the Company's
website and CEORoadshow.com.
The interview can be found on the
CEORoadshow.com's website at the following link:
http://www.ceoroadshow.com/dna-precious-metals/dnap-videos/1623-ceoroadshow-executive-interview-dna-precious-metals-otcqb-dnap
The
Company further announced an updated 33 page
research report on DNA Precious Metals Inc.
highlighting a significant increase in market
value from the initial report published on
September 27th, 2013 by Grass Roots Research and
Distribution.
The November 27, 2013 report, references, among
other things, “DNA Precious Metal is
aggressively looking for new assets to expand
and become a mid-sized precious metals mining
producer. Management’s foresight has enabled
DNAP to position itself as an innovator in the
mining industry by extracting precious metals
from tailings. The Company has a strong record
of securing financing, required permits and
authorizations to conduct operations. Quality
assets, excellent cash position, superior
business model, experienced management and
attractive gold market dynamics are all
contributors to future success. Our conservative
estimates forecast revenues to grow from $4.9
million in FYE December 31, 2014 to
approximately $40.4 million by FYE 2018. Based
on these projections and provided that the
Company raises $12.0 million in capital, in the
near term the Cohen Target Price is 188.1%
higher than the current price.” As a result, the
report further indicates, “DNAP common stock is
valued at $1.30 per share, 188.1% higher than
the current stock price of $0.45 per share.”
The Cohen Price Index Target is calculated using
2014 Price-to-Earnings ratio (P/E), Cohen
Price-to-Capital Employed ratio (P/CE), Cohen
Discounted Cash Flow (DCF) method and Cohen
Price Performance Index. The P/E and P/CE are
based on market multiples and representative of
the broader industry in which the Company
operates. The Cohen Price Performance Index is a
representative of the post coverage performance
of all stocks covered by us. The last component
of the Cohen Price Index Target is using the
long-term DCF valuation approach.
The report can be accessed at:
http://www.dnapreciousmetals.com/reports.
The updated report notes the potential impact of
the agreement to acquire the past producer
Montauban Mine, on 5 contiguous claims (“Mineral
Claims”) consisting of a mining lease and a
mining concession totalizing an approximate
surface of 76.84 hectares which DNA acquired
through a signed binding agreement. These 5
mining claims are contingent to DNA’s mining
claims covering an area of approximately 340
hectares on the Montauban Mine Property. The
newly acquired past producer Montauban Mine has
reported past production of over 160,000 tons of
zinc/lead, 4,300,000 ounces of silver and over
130,000 ounces of gold. The Mine has three
shafts, two declines, extensive underground
workings and includes the “Golden Goose” north
strike area of the Montauban mineralized near
surface ore belt, one of the many significant
highlights of the acquired property. This
mineralized ore block, with Historical Resources
non 43-101, Mirabel Resources, consists of
approximately 693, 590 metric tons grading an
average 3.44 g/t Au and 14.32 g/t Ag.
"We were delighted to receive an update research
report recognizing the potential positive impact
of the agreement to acquire the past producer
Montauban Mine," said Mr. Ronald Mann, CEO." The
updated price target is $1.30 per share. "
Grass Roots Research and Distribution
Led by Paul Cohen, Grass Roots Research and
Distribution is one of Wall Street's leading
Independent micro-cap research firm,
concentrating on emerging companies with strong
management teams focused on shareholder value
and sustainable competitive advantage. As
founder of Bear Stearns Western Regional
Offices, Paul Cohen was one of the original 12
Dirty Dozen analysts, regarded by many to be the
top 12 security analysts in the nation. Mr.
Cohen was also the West Coast Senior Vice
President of CBWL-Hayden Stone-American Express.
Mr. Cohen's partners were Sanford I. Weill (past
Chairman and CEO of Citigroup and past Chairman
of Solomon Smith Barney) and Arthur Levitt (past
Chairman of the SEC).
Cohen Independent Research Group includes nine
PhDs, two MDs, six CFAs, three with CPAs and 21
analysts covering most industries. The backbone
of the fundamental research targeted at stock
investment includes investigative research into
significant corporate events, thorough review of
SEC filings, in depth financial analysis,
valuations, and management profiles. For more
information visit www.grassrootsrd.com.
About DNA Precious Metals, Inc.
DNA Precious Metals, Inc. 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
in the United States under the stock symbol DNAP.
For more information, please go to
www.DNAPreciousMetals.com.
On behalf of the Board
Ronald K. Mann, CEO
Forward
Looking Disclaimer
This release contains forward-looking statements
that involve risks and uncertainties. Readers
are referred to the Securities and Exchange
Commission filings filed by the Company on EDGAR
at www.sec.gov/edgar.shtml, specifically the
most recent reports which identify important
risk factors that could cause actual results to
differ from those contained in the
forward-looking statements. The Company
undertakes no obligation to review or confirm
analysts’ expectations or estimates or to
publicly release any revisions to any
forward-looking statements. The information
contained in this press release should not be
construed as any indication of the Company’s
future stock price, its revenues or results of
operations.
CONTACT INFORMATION
Ronald Mann, CEO
DNA Precious Metals Inc.
514-852-2111
ronald.mann1@dnapreciousmetals.com
Twitter: www.twitter.com/dnametals
Facebook: www.facebook.com/dnametals
SOURCE: DNA
Precious Metals, Inc.
About DNA Precious Metals, Inc., (OTCQB: DNAP) |
Company Overview
DNA
Precious Metals Inc. (DNAP) is quoted on the
Over The Counter Bulletin Board (“OTCQB) in the
United States. DNA is focused on near term
production of the Montauban gold silver tailings
mine in the Province of Quebec, Canada.
Principal operations office is in Montreal. The
Company has an aggressive search for acquisition
targets internationally with a mission to create
a medium sized precious metals mining producer.
In June of 2011, DNA Precious Metals Inc.
completed the first acquisition of its Montauban
exploration properties located in the Portneuf
County, Quebec, Canada, based on a report
estimating an historical resource of 47,198
ounces of gold and 480,998 ounces of silver on
the Montauban Project. The resource totals are
in reference to a portion of the gold bearing
surface ore over a distance of approximately 600
meters in length.
In addition, Engineering Geologist Yves Gagnon’s
January 2011 National Instrument 43-101
Technical Report on the Resource Evaluation of
the Montauban Tailings states the actual market
value of the Montauban Tailings to be at least
32 million dollars with the potential of
increasing this value with the mica (phlogopite).
This report was based on the total measured
resources of approximately 428,000 metric tonnes
of tailings. Various official government
documents estimates the total amount of tailings
located on the Montauban Mine Property to be
more than 2 million metric tonnes. Mr. Yves
Gagnon has worked as a Geological Engineer for
35 years and he fulfills the requirements to be
a “qualified person” as required by rule 43-101.
Since the acquisition of the Montauban Mine
Property, DNA Precious Metals Inc. has worked
closely with the Quebec Provincial Government
and most importantly the local Municipality. As
a result, a protocol agreement was signed
between DNA Precious Metals Inc. and the
Municipality of Notre-Dame de Montauban after
the Municipality’s Council voted unanimously in
favor of the Montauban Mining
Project presented to them by DNA Precious Metals
Inc. In September of 2012, DNA Precious Metals
Inc. received the Certificate of Authorization
issued by the MDDEP (Ministère du Développement
durable, de l’Environnement et des parc) to
process the mining residues, subject to
conditions, further permits and approvals.
As of March 2013 DNA Precious Metals Inc. has
the final plans of the mill for the extraction
process of the industrial and precious metals.
Certain processing equipment has been purchased
by the Company and is being stored nearby the
mining property. In addition, the Company has
completed construction of all access roads to
and from the new milling facility. The newly
erected milling facility consists of an
industrial steel structure building totaling
16,000 square feet. The power line source to the
milling facility totaling 1.3 kilometers has
also been completed.
DNA Precious Metals Inc. has rapidly evolved
towards becoming a production company since the
completion of the Montauban Mine acquisition in
June of 2011. Contingent upon adequate
financing, the Company is focused on being in
production of the recuperation of industrial and
precious metals from the mining residues in Q4
2013. DNA Precious Metals Inc. has Provincial
and Municipal Government support for the
Montauban project especially since the Company
is restoring an environmental area with mining
residues. The project will enable DNA Precious
Metals Inc. to generate attractive cash flow
with low initial capital cost required to start
the project.
Quebec
has grown to become one of the largest mining
jurisdictions in the world through the abundance
of world-class mining deposits and through the
ingenuity and perseverance of those engaged in
exploring, developing, extracting and processing
minerals. DNA Precious Metals Inc. will be at
the forefront with the implementation of good
practices and respect for the environment
throughout all mining operations. Most
importantly, the Company will encourage
responsible exploration and operate in a safe
and environmentally protective manner.
DNA
management, directors and independent mining
consultants bring a wealth of business,
financial and mining experience to the Montauban
precious metals tailings mine project.
National Instrument 43-101 (“NI 43-101″)
The purpose of this report is to provide a
complete and independent resource report
conforming to NI 43-101 standards and Form
43-101F. The report was to determine the amount
and characteristics of tailing material
available on the Montauban Property, and to
qualify those tailings as mineral resources.
This report is based on internal company
technical reports, published government reports,
company letters and memoranda, and public
information as listed in the “References”
section and Appendix I at the conclusion of this
report.
The data from the two drilling campaigns
performed on the Montauban Tailings were
compiled and served as the basis for the
resource estimate. Several sections from reports
authored by other consultants have been quoted
in this report, and are so indicated in the
appropriate sections.
Recent DNA Precious Metals, Inc., (OTCQB: DNAP) News
Releases |
DNA Precious Metals Montauban Mill Electrical
Installation
DNA Precious Metals Inc Acquires the Complete
Geological Data Resource on the Historic
Montauban Mine
DNA Precious Metals CEO Ronald Mann Interviewed
on MoneyTV; Discussed Company Strategy and
Upcoming Plans
DNA Precious Metals Inc. to be Presenting at the
2013 Silver Summit Conference Today
DNA Precious Metals Inc. Announces it has Signed
a Binding Agreement to Acquire Additional Mining
Interest on the Montauban Mine Property
DNA Precious Metals Inc. Submits Restoration
Plan with the Quebec Ministry of Natural
Resources
MoneyTV with Donald Baillargeon, Oct 11
Grass Roots Research and Distribution Inc.
Releases Research Report on DNA Precious Metals
Inc.
DNA Precious Metals, Inc. Announces Launch of
Corporate Video
DNA Precious Metals, Inc. Announces New
Directors
Ronald Mann, CEO of DNA Precious Metals, Inc.,
is Featured in a New Audio Interview at
SmallCapVoice.com
Ronald Mann, CEO of DNA Precious Metals Inc.,
Invited by Eric Dubin as Special Guest Host on
Silver Doctors Metals and Markets
FN Media Group LLC (FNMG) owns and operates
FinancialNewsMedia.com (FNM) is a third party
publishing provider which disseminates
electronic information through multiple online
media channels. FNMG's intended purposes are to
deliver market updates and news alerts issued
from private and publicly trading companies as
well as providing coverage and increased
awareness for companies that issue press to the
public via online newswires. FNMG and its
affiliated companies are a news dissemination
and financial marketing solutions provider and
are NOT a registered
broker/dealer/analyst/adviser, holds no
investment licenses and may NOT sell, offer to
sell or offer to buy any security. FNMG's market
updates, news alerts and corporate profiles are
NOT a solicitation or recommendation to buy,
sell or hold securities. An offer to buy or sell
can be made only with accompanying disclosure
documents from the company offering or selling
securities and only in the states and provinces
for which they are approved. The material in
this release is intended to be strictly
informational and is NEVER to be construed or
interpreted as research material. All readers
are strongly urged to perform research and due
diligence on their own and consult a licensed
financial professional before considering any
level of investing in stocks. The companies that
are discussed in this release may or may not
have approved the statements made in this
release. Information in this release is derived
from a variety of sources that may or may not
include the referenced company's publicly
disseminated information. The accuracy or
completeness of the information is not warranted
and is only as reliable as the sources from
which it was obtained. While this information is
believed to be reliable, such reliability cannot
be guaranteed. FNMG disclaims any and all
liability as to the completeness or accuracy of
the information contained and any omissions of
material fact in this release. This release may
contain technical inaccuracies or typographical
errors. It is strongly recommended that any
purchase or sale decision be discussed with a
financial adviser, or a broker-dealer, or a
member of any financial regulatory bodies.
Investment in the securities of the companies
discussed in this release is highly speculative
and carries a high degree of risk. FNMG is not
liable for any investment decisions by its
readers or subscribers. Investors are cautioned
that they may lose all or a portion of their
investment when investing in stocks.
This release is not without bias, and is
considered a conflict of interest if
compensation has been received by FNMG for its
dissemination. To comply with Section 17(b) of
the Securities Act of 1933, FNMG shall always
disclose any compensation it has received, or
expects to receive in the future, for the
dissemination of the information found herein on
behalf of one or more of the companies mentioned
in this release. For current services performed
FNMG has been compensated fifteen thousand
hundred dollars for news coverage of DNA
Precious Metals Inc. (OTCQB: DNAP) issued press
releases by DNAP. FNMG HOLDS NO SHARES OF DNA
Precious Metals Inc. (OTCQB: DNAP)
This release contains "forward-looking
statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and
Section 21E the Securities Exchange Act of 1934,
as amended and such forward-looking statements
are made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act
of 1995. "Forward-looking statements" describe
future expectations, plans, results, or
strategies and are generally preceded by words
such as "may", "future", "plan" or "planned",
"will" or "should", "expected," "anticipates",
"draft", "eventually" or "projected". You are
cautioned that such statements are subject to a
multitude of risks and uncertainties that could
cause future circumstances, events, or results
to differ materially from those projected in the
forward-looking statements, including the risks
that actual results may differ materially from
those projected in the forward-looking
statements as a result of various factors, and
other risks identified in a company's annual
report on Form 10-K or 10-KSB and other filings
made by such company with the Securities and
Exchange Commission. You should consider these
factors in evaluating the forward-looking
statements included herein, and not place undue
reliance on such statements. The forward-looking
statements in this release are made as of the
date hereof and FNMG undertakes no obligation to
update such statements.
|