Duluth Metals Ltd DULMF

RE:RE:RE:RE:Worse case for DM shareholders

[marpincan]

When push comes to shove, the only currency juniors really have is new shares. As for those on the receiving end, when the junior has no money and no means of raising money, they do not have much choice other than to take shares. From what I see Duluth is very short on cash and Anto is the biggest  creditor by far so unless DM finds a 3rd party to fund them, by default Anto ends up owning most of DM. The problem with the PFS is the cost of building the mine and facilities at well over 2 billion. IMO, they need to cut this in half.

JMO