Dacha Inventory Valued At US$62 Million

Dacha Strategic Metals Inc. announced that the estimated value of the its Rare Earth metals inventory as of July 31, 2012 was US$62.0 million, down 2.2% from June 30, 2012.

As quoted in the press release:

Assets include metal inventory and cash. At July 31, 2012, in addition to its metal inventory, which had an estimated fair market value of US$62.0 million, the Company’s had cash of approximately US$3.1 million for a total of US$65.1 million, or US$0.87 per share, based on 75.1 million shares outstanding, or, US$0.79 per share on a fully diluted basis of 93.9 million shares outstanding.

Click here to read the full press release.