Duluth Metals Ltd DULMF

RE: RE: RE: Copper/Nickel Price is the Driver

[dubyao]

Thanks for your reply marpincan.  I don't have a dog in this fight, but I appreciate the input and giving me a chance to pose what was a valid question, at least in my mind. 

I have done a lot of research on mines with PGM deposits and liked Duluth's mammoth deposit and being in the US.  I have no doubt that if any Cu/Ni mine gets built in the US, this will be on the shortlist for funding.  My concern is one that many miners are currently facing: skyrocketing capex/operating costs at existing mines and how to finance them.  Especially if we go into an inflationary period.

For years China has added to the demand for these metals, but many have expressed concerns because buying has been dropping for many commodities.  There were reports of iron and coal deliveries being refused at the docks and ships were turned away due to over supplies.  With this Chinese tailwind subsiding, I am concerned if we will see strong prices as a few years ago.  And if they continue to fall, how hard will it be to attract funding to get the mine built?  Just my thoughts.

Something for all of us to bear in mind when evaluating a company:
"Confirmation bias, the tendency to favor information that supports prior beliefs. It is about people's willingness to believe what they want to be true."  Failure to watch for this tendency can be very costly.