Dacha Strategic Metals Inc. (TSXV:DSM,OTCQX:DCHAF) announced a company update and confirmation of its rare earth inventory.

As quoted in the press release:

As of September 30, 2011, the estimated value of its metals inventory was US$121.0 million, a decrease of US$14.2 million, or 10.5%, from the estimated value of US$135.2 million at August 31, 2011, as reported in the Company’s September 2, 2011 press release.

Click here to read the Dacha Strategic Metals (TSXV:DSM) news release.