RE: Big Projects Take TimeDuluth was ranked second behind Northern Dynasty based on CIBC's ranking each copper junior on these criteria:
Exhibit 6. Criteria Weightings
Criteria Weighting
EV / lb Cu Eq 10%
Mkt Cap to Capex 20%
Resource Cu Eq 20%
Capex / lb of Annual Production CuEq LOM 15%
Total Attributable Production Cu Eq 20%
Cash Costs (net)
15%
100%
Duluth'sranking was based on Nokomis only. With the acquistion of Franconia andfurther drilling Duluth will for sure rank first in CIBC's ranking.
Franconiawas the most under valued copper junior when Duluth acquired Franconiaand Franconia just prior to acquisition had unearthed historical drilldata indicating that Nokomis that is continuous through Maturi is alsocontinuous all the way down to Birch Lake.
An updated NI 43-101 will rank Duluth as one of the world's largest undeveloped copper deposit by tonnage and grade .
Combiningthe current 43-101 reports of Duluth and Franconia, Duluth's GrossCompany Value (metal in the ground)/share/today's market value is 1.83times better then Northern Dynasty.
Duluth Northern Dynasty
Gross Company Value (GCV) 131,079,953,260 285,552,063,423
GCV/share 1,057.41 3,014.61
GCV/share/today's market value 387.33 211.26
Youcan get check these figures at Resource Intelligence Analytics byclicking on "Summary" and checking off the "calculate" box
Here is the link to Duluth:
https://shareknow.net/companies/2243
Here is the link to Northern Dynasty:
https://shareknow.net/companies/1720