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Dacha Executes Rare Earth Element Trade
TORONTO, ONTARIO--(Marketwire - Oct. 27, 2010) - Dacha Strategic Metals Inc. ("Dacha" or the "Company") (TSX VENTURE:DSM)(OTCQX:DCHAF) is pleased to report the trade of 20,000 kilograms ("kg") (20 metric tonnes) of +99.99% pure Gadolinium Oxide for a total consideration of US$1,180,000. This transaction represents a 25% premium to the replacement cost of the material as at September 28, 2010. Dacha acquired the Gadolinium Oxide in June 2010 at a cost of US$17.49/kg, or US$349,800 and was being held in its Busan, South Korea facility. Total return on this transaction was US$830,200 or a 237% gain in the value of our Gadolinium Oxide held in inventory since acquisition.
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