GREY:DULMF - Post by User
Post by
EatMe1on Mar 04, 2011 1:09am
665 Views
Post# 18230065
Whoa!!
Whoa!!With court approval tomorrow of the Franconia agreement, Duluth Metals will emerge as 60% owners of over $225 billion dollars of in situ metal in the ground. In addition, this number represents only a moderate fraction of what is possible on the new combined land package. One could easily double, triple, or quadruple the projected metal in the ground and have some geologic and historic drilling data (not currently in any resource estimate) to back it up (all such data is public if one knows where to look and utilize).
Let me see, the simple addition of Franconia's NI 43-101 resources with Duluth Metals NI 43-101 resources equals the in situ $225 billion value, which equates to a 160 million ounce gold resource. I'm guessing that there maybe numerous executives from several major mining companies (including both base metals and precious metals type companies) wondering what in the hell is going on in Minnesota and how in the hell did we miss the boat. Am really glad I own stock and believed in the company and its management.