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Jay Taylor refreshes Dynacor buy

Jay Taylor refreshes Dynacor buy

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Published by Dynacor Gold Mines
Jay Taylor refreshes Dynacor buy
Jay Taylor refreshes Dynacor buy

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Published by: Dynacor Gold Mines on Apr 27, 2012
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04/27/2012

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TAYLOR HARD MONEY ADVISORS, INC. PO Box 780555, Maspeth, NY 11378 (718) 457-1426 April 20, 2012
J Taylor’s
 
WWW.MININGSTOCKS.COM
 
Energy & Tech Stocks
 
Weekly Hotline Message
 
(
Now in our 30 
th 
Year) 
 
April 20, 2012
Dynacor Gold Mines Remains a Favorite
Traded TSX: DNG/US OTC DNGDF – 35.5million Shares O/S. Price 4/19/12 $0.66 =$23.4 million Market Cap.
- Although Iremain bearish on gold mining shares given mygeneral bearish view on equities, now is a timewe want to hunt through the universe of goldmining shares to pick that that will not only beable to survive the downturn, but will be able tothrive at the expense of the dead bodies thatlitter the junior space when the markets finallystart to give the gold mining sector the respect itdeserves. No doubt that will happen after thenext recession reminds people that Ben Bernanke and other statists not only do not have an answer tosolving our problems but that they are making our situation “sicker and sicker.” At some point in timeduring the bull market in a lifetime for gold, the global economy will need some sort of gold backing in itsmonetary system. That is when I think we will see a mania in gold and gold stocks that will make the1980’s blow off look like child’s play.Sharply in my focus is a small, still largely unrecognized company named Dynacor Gold Mines. Based inMontreal, this company just keeps plodding along increasing gold production and profits from itsoperations in Peru year after year. Not only has its growth been organic, which means it still has aminiscule 35.5 million shares outstanding, but it has a gold-copper skarn target in “elephant country” inPeru that could make this tiny company into something much larger. Unlike most junior gold explorationcompanies, this one has cash flow to fund its exploration efforts and thus avoid the most lethal dynamic of the junior mining sector, namely dilution.I’m bringing this name back to your attention this week because the company just put out another verypositive report about its most recent quarterly production and revenues achievements. It produced arecord 13,101 ounces during Q1-2012. That’s a 32% increase over the like period of 2011. In conjunctionwith the higher metal production, Dynacor estimates a quarterly gold and silver sales record of US $23.5million compared to revenues of $14.7 million in Q1-2011 for a 60% increase.
Gold
 
Dow Jones/Gold Annual Returns
-40%-20%0%20%40%60%80%
        1        9        6        7        1        9        6        9        1        9        7        1        1        9        7        3        1        9        7        5        1        9        7        7        1        9        7        9        1        9        8        1        1        9        8        3        1        9        8        5        1        9        8        7        1        9        8        9        1        9        9        1        1        9        9        3        1        9        9        5        1        9        9        7
Years 1968-1996
   P  e  r  c  e  n   t  a  g  e   G  a   i  n  s   /   (   L  o  s  s   )
DJIA %Gold %

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