Dacha Strategic Metals Inc. announced that the current value of its rare earth inventory is US$72.6 million.

As quoted in the press release:

The decrease in the estimated value of the metal inventory was due to a decrease in the prices from March 2012 of $7.6 million or 9.0% and the sale of 2900 Kg of Lutetium Oxide that was carried in the metals inventory in March at $4.6 million or 5.4%.

Click here for the Dacha Strategic Metals Inc. (TSXV:DSM) press release.