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Dajin Resources "is without question a survivor" says Peter Epstein
Dajin Resources Corp. (TSXV:DJI,OTC:DJIFF) was featured by Epstein Research on “When Good Things Happen to Good Companies”. In the article, Peter Epstein says that, “Dajin is without question a survivor.”
Dajin Resources Corp. (TSXV:DJI,OTC:DJIFF) was featured by Epstein Research on “When Good Things Happen to Good Companies”. In the article, Peter Epstein says that, “Dajin is without question a survivor.”
Click here for the full article.
As quoted in the article:
Cheap valuation, attractive opportunities in both Argentina and Nevada
Dajin Resources has a fully-diluted Enterprise value, “EV” [market cap – cash + debt] of a whopping C$6.5 million, assuming the exercise of in-the-money options. That equates to C$6.5 million divided by 253,216 acres (combined Argentina and Nevada, according to press release) = C$ 26/acre, or US$ 20/acre. Don’t think for a minute that a mid-tier or larger company couldn’t scoop up Dajin’s acres for twice, three or four times that per acre valuation when the market turns. A mere drop in the bucket for an acquirer, but a 100% to 300% gain for Dajin holders. We’ve seen this movie before. It happens time and again. Uranium properties in Canada’s Athabasca basin are considered worthless and then there’s a blockbuster hole drilled on a neighboring property, making the worthless acres suddenly worth tens of millions. The same thing with gold miners that do a lot of arm waving, pointing out they are within a hundred miles of a Gold major. That desperate approach has been dubbed, “closeology.” To be perfectly clear, big scores don’t happen all the time. Generally there needs to be a catalyst.
That catalyst is a recovery or bounce in the natural resource’s, “penny-dreadfulls.” When strong drill results and positive press releases move stocks up instead of providing higher volume for investors to sell into, then a recovery is at hand. Dajin Resources, one of the cheapest lithium juniors on a per acre basis, could be one of the best performing with the right catalyst. Bear markets don’t last forever, Rick Rule told me so.
Click here for the Dajin Resources Corp. (TSXV:DJI,OTC:DJIFF) profile.
Disclaimer: The report referred to in this post was paid for by the company that is covered in the report, or there is some other monetary relationship between the company and the writer of the report. This may lead to a conflict between the interests of the writer of the report and the interests of investors. Due care should be taken to understand the relationship between the company and the writer of the report and to factor the relationship when making investment decisions.
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