Well it looks like DMM is committed to a go ahead on their Ecuador project and bought out their ½ option on the 3% NSR from IAMGOLD. I don’t follow the DMM story but it’s pretty clear that they are getting pounded today on the market. Down $1.1 or ~15% on a 200+k shares (4x normal volume). I assume for the same reason as ARU getting the treatment today.

Source: http://www.marketwire.com/mw/release...

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Dynasty Exercises Option to Buy Back Royalty at Its Near Production Zaruma Gold Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 18, 2007) - Dynasty Metals & Mining Inc. (TSX:DMM) (the "Company") has exercised its option to purchase one-half of a 3% Net Smelter Returns Royalty ("NSR Royalty") from IAMGOLD Ecuador S.A. ("IAMGOLD") for US$1 million.

The NSR Royalty agreement relates to certain concessions at the Company's Zaruma Gold Project that were acquired from IAMGOLD in 2004. The Company has a second option to purchase the remaining one-half of the NSR Royalty for US$5 million by June 2009.

Company President and CEO, Robert Washer, commented: "This is a very positive step for the Company. The Zaruma Gold Project has a significant high grade gold resources estimate (see the Company's news release dated July 12, 2006 available on SEDAR at www.sedar.com) and significant exploration potential within 103 square kilometres of concession area. With gold currently valued at about $800 per ounce, the cost to exercise the option represents less than the NSR Royalty otherwise due in the first full year of production."

The Zaruma Gold Project

The Company is presently constructing a plant at its Zaruma Gold Project, which is scheduled to commence operations in the second quarter of 2008 at an initial production rate of 100,000 ounces of gold per annum.

With approximately $17 million in cash (subsequent to making the option payment), the Company has sufficient capital to fund the completion of plant construction and mining start-up at the Zaruma Gold Project, as well as continue with the Company's other development and exploration plans.

An Independent Preliminary Assessment of the Zaruma Gold Project, which is dated August 21, 2006 and is available for viewing at www.sedar.com, estimated a pre-tax cumulative undiscounted cash flow from the proposed mine of US$467 million, net of the NSR Royalty, over a 14.5 year mine life. This estimate was based upon the Company's current gold resource and gold valued at $500 an ounce.