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Douglas Lake Minerals Inc DLKM



GREY:DLKM - Post by User

Post by 8saturday8on Oct 14, 2010 12:58pm
385 Views
Post# 17564599

Douglas Lake- Ruby Creek

Douglas Lake- Ruby CreekWhy am I a shareholder of Douglas and Ruby Creek? Heres why Canaco offered 52 million dollars to IPP Gold for the property and were turned down.  IPP is a private company and has numerous other properties that Douglas could get involved with. There were 15 companies that tried to buy the property. IPP already did 2 million dollars of drilling and other work on the property. From their work they figure that there is 40 grams per ton on the property. It has the largest land position on the Hydini. It is on trend with the Canocos. One of the board members brother brought CNN to Africa.Theres alot of money involved with Douglas  now.  One of the other members ether owns or is involved with numerous big companies in Tanzania . Douglas has the connections now to go forward and bring value to the share holders. Ruby Creek  is starting to test mine their property and pretty soon will bring value to Douglas and Ruby will make a lot of money on its own. Ruby has a very small share stucture and is tightly held. In my opinion at these prices both of these companies are on the verge of a big move. I really do not think that  investors know the value of these 2 companies. No newsletter writers have even written about them. Could you imagine if they just had one newspaper writer writing about them. Canoco has one news letter writer and the stock traded up to over $3.00. Could you imagine with the value that Doiuglas has now where the stock could go. It should go a lot higher than Canacos  I owned Douglas for years but finally I think things are falling in place. Remember gold is going through the roof. At the rate its going up it should go to 1400 an ounce or over by the end of the year then at least double. With Ruby projected 250 an ounce production cost  that is a lot of money. I really think it could be 200 an ounce. This is why I am in these 2 companies for the long term and wish I had more money to buy stock  at these prices
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