Dacha Strategic Metals Inc. announced that as of August 31st 2012, the estimated market value of it’s rare earth metals inventory was US$58.3 million, down 6.0% from July 31st 2012.

As quoted in the press release:

Assets include metal inventory and cash. At August 31, 2012, in addition to its metal inventory, which had an estimated fair market value of US$58.3 million, the Company had cash of approximately US$3.1 million for a total of US$61.4 million, or US$0.82 per share, based on 75.1 million shares outstanding, or, US$0.76 per share on a fully diluted basis of 93.9 million shares outstanding.

Click here to read the full press release.