Dhanoa Minerals Ltd (DHNA) Looks To Benefit From Rising Gold Prices and Geopolitical Tensions |
|
|
|
On Tuesday, June 12, Gold prices surged over $8 reversing
the 5 day recline the commodity had been experiencing. Though Gold has been experiencing a lull as
of late, numerous analysts remain bullish in the mid to long term. Short-term, gold is subject to the whims of
the marketplace which should be conducive for a continued uptick. Geopolitical tensions have begun to spike
within the Middle East with flare-ups in Lebanon, Gaza, and Iraq. The most telling flare-up has been the cross
border fighting between Kurdish rebels located in northern Iraq and the Turkish Army, which has seen several
cross border raids. If fighting
intensifies this could send the region into a wider war and spark a flurry of
buying into safe-haven investments, which historically have included gold. Iran’s threat to missile any states that help
in any perceived attack on its nuclear facilities has also ratcheted up
tensions in the region.
Dhanoa Minerals could stand to benefit from the continued
tensions in the Middle East while it works to develop its mining
properties. A recent independent report
on the company’s Bonanza properties (a
region in Ecuador)concluded that the area was well above the industry standard
for gold mining properties. The company’s
projected production levels of 100,000 ounces in the first year and 250,000
ounces by the second year should generate substantial revenue for Dhanoa.
About Dhanoa Minerals Ltd.
'Dhanoa' is a production stage company formed
for the purpose of acquiring, exploring, and developing natural resource
properties. Activities during the production and exploration stage include
further development of the Company's business plan and raising capital. The
Company has recently initiated a new program to evaluate undervalued assets for
potential addition to its mineral claim portfolio. |