Dacha Strategic Metals Inc. (TSXV:DSM,OTCQX:DCHAF) announced quarterly and half-year financial results.

As quoted in the press release:

As of September 30, 2011, its metals inventory, with a cost basis of US$20.5 million, had an estimated market value of US$121.0 million. During the six months ended September 30, 2011, Dacha purchased US$3.1 million of metals and disposed of US$3.9 million of metals for realized profit of approximately US$3.0 million.

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