Duluth Metals Ltd DULMF

Im buying the drop

[DearBear6]

Polymet is now worth the same or more than Duluth Metals. I'm not convinced that Duluth Metals' stock will appreciate for much in the next couple of years. There is also the possibility that copper falls and Duluth Metals stock gets devastated. But I don't think deflation is likely considering Ben Bernanke and future Fed Chairmen. However, with copper staying at $1.75 a pound over 20 years, Duluth metals base estimate puts it at a $6b(x 60% ownership) cash flow 10-15 years into production. And if Duluth Metals dilutes shares by increasing the share count to 500 million shares, then that implies market cap $3.6b/500m and a share price $7.2 a share. That is a worst case scenario with stock dilution, giving it a 1.0 price/book value, discounting new discoveries outside the JV project and mining those reserves, and discounting higher copper prices. The company may have to screw up big time for that scenario to happen and China would have had to dump their copper(which is possible). I have no idea what range this stock will be in for the next 5 years, no idea at all!!!

I bought more at $2.24, $2, $1.9, $1.76, soon to buy at $1.55 and below. I am 26 yrs old.

[estebancaballo]

I doubt DM would or could dilute the shares in the manner you describe given the co-ownership by Antofogasta (don't think they would appreciate it at all!). By 2050 there will be over 1Billion middle class people in China alone and 3Billion worldwide (according to Wolfensohn...former World Bank pres.).....how much copper will the world need to feed that kind of growing demand?? DM is a no

[kkkrrrr]

i will not sell because long term DM is a winner... they own the goods , cashcosts for 1 pound CopperEQ are negative (below zero) ...   the TSX s*cks bigtime these days but in the long run this stock will be at 10$ ++++

[canusa]

Any good news to polymet (positive EIS, permits etc) can trigger DM over $5 + overnight. A buyout of DM is likely before 5 year timeframe. DM traded $3.99 in 2007 on speculation. A lot of risk has been taken out of this play and the only thing remains is the permit hurdle.  DM has tripled the size of their deposit since and growing... Do the math...this is a steal. Same as WM (parent company)

[DearBear6]

A big differences between Polymet and Duluth Metals is the depth of the futures mines. Non-ferrous metals are easier to contain underground in deeper mines like Duluth Metals. Polymet got stopped in the EIS partially because it wants a cheaper open pit mine. The bad thing for Duluth Metals is they are closer to the boundary waters and this will force them to transfer their tonnage south for

[estebancaballo]

Based on my readings, underground mines are considered more environmentally friendly than open pit mines. As for the management...they have an amazing list of directors including the guy who ran the Iraq war logistics for the pentagon, apparently.....my own view is that this will eventually need to be designated a strategic asset as it is too important a deposit for the US to just let anyone