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14.09.2009
Dana Poised to Take Advantage of Recent Rise in Base Metal Prices
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Dana Poised to Take Advantage of Recent Rise in Base Metal Prices
September 14, 2009 Las Vegas, Nevada. (OTCBB: DANR) (FRA: OD0) Dana Resources is a US-based precious metals development company with advanced stage gold and base metal properties in Peru. Dana Resources comments on recent copper and base metals surge.
China, the world’s third largest economy continues to drive demand for copper and base metals to fuel its ever-increasing need for power, infrastructure and the real estate sector. Government data showed investment growth in China’s real estate market accelerated sharply in August, while prices and sales continue to rise. Copper prices have already more than doubled this year, thanks to record imports from China in the first half.
Analysts have begun revising forecasts higher for base metals demand, which in turn has created a surge in buying moving prices up sharply. The deteriorating US dollar also makes metals cheaper to holders of other currencies and should give them more room to rise. Some expect demand to pick up in November for the seasonal end of year surge.
Mr. Len DeMelt, Dana Resources President comments on the recent price appreciation, “This bodes well for Dana to take advantage of the recent surge in base metals prices. This will help attract new investment into the company and advance its base metals projects. We expect to continue to see strong demand in copper and related base metals.”
About Dana Resources
Dana Resources is a precious and base metals exploration company with offices in the United States and Peru. Dana’s management team possesses local knowledge, extensive international connections, a wealth of experience and technical expertise in mining, mining finance, exploration and production. Dana Resources has acquired a portfolio of gold, silver and other precious & base metal properties located in Peru’s most prolific mining regions.
With Peru growing as a producer of gold, silver and other metals on the international market, Dana Resources is well positioned to capitalize on the escalating global demand for commodities. The management team and Directors are committed to creating value for their shareholders and to the long-term success of Dana Resources.
The statements contained herein which are not historical are forward- looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward- looking statements, including, but not limited to, certain delays beyond Dana Resources control with respect to the commencement of drilling operations, concentration in mineral deposits, delays in testing and evaluation of ore samples, and other risks detailed from time to time in Dana Resources’ filings with the Securities and Exchange Commission.
Leonard DeMelt
Dana Resources
www.danaresources.com
info@danaresources.com
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Dana Poised to Take Advantage of Recent Rise in Base Metal Prices
September 14, 2009 Las Vegas, Nevada. (OTCBB: DANR) (FRA: OD0) Dana Resources is a US-based precious metals development company with advanced stage gold and base metal properties in Peru. Dana Resources comments on recent copper and base metals surge.
China, the world’s third largest economy continues to drive demand for copper and base metals to fuel its ever-increasing need for power, infrastructure and the real estate sector. Government data showed investment growth in China’s real estate market accelerated sharply in August, while prices and sales continue to rise. Copper prices have already more than doubled this year, thanks to record imports from China in the first half.
Analysts have begun revising forecasts higher for base metals demand, which in turn has created a surge in buying moving prices up sharply. The deteriorating US dollar also makes metals cheaper to holders of other currencies and should give them more room to rise. Some expect demand to pick up in November for the seasonal end of year surge.
Mr. Len DeMelt, Dana Resources President comments on the recent price appreciation, “This bodes well for Dana to take advantage of the recent surge in base metals prices. This will help attract new investment into the company and advance its base metals projects. We expect to continue to see strong demand in copper and related base metals.”
About Dana Resources
Dana Resources is a precious and base metals exploration company with offices in the United States and Peru. Dana’s management team possesses local knowledge, extensive international connections, a wealth of experience and technical expertise in mining, mining finance, exploration and production. Dana Resources has acquired a portfolio of gold, silver and other precious & base metal properties located in Peru’s most prolific mining regions.
With Peru growing as a producer of gold, silver and other metals on the international market, Dana Resources is well positioned to capitalize on the escalating global demand for commodities. The management team and Directors are committed to creating value for their shareholders and to the long-term success of Dana Resources.
The statements contained herein which are not historical are forward- looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward- looking statements, including, but not limited to, certain delays beyond Dana Resources control with respect to the commencement of drilling operations, concentration in mineral deposits, delays in testing and evaluation of ore samples, and other risks detailed from time to time in Dana Resources’ filings with the Securities and Exchange Commission.
Leonard DeMelt
Dana Resources
www.danaresources.com
info@danaresources.com
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
http://www.irw-press.com/alert_subscription.php?lang=en&isin=US2358451043
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.