Duluth Metals Ltd DULMF

Poor PR seems to be a big problem with DM

[marpincan]

DM releases its PFS and yet there is nothing on Kitco, Bloomberg, Reuters, Seeking Alpha, or any of the news puplications out there. This tells you that PR is definately not doing their job here and if that is the case why bother waisting money on who ever is doing this function. You may as well jeust have the secretary send the news release to the news wire service as it looks like that is all PR is doing. End result is that it flys well under the radar.

 As for the PFS - they can produce copper for well under $1.00 per pound and the ore body is huge with lots of room to grow and production rate has lots of room to grow so this IMO is definately an asset that a major would be interested in.

[ryanmichael]

This post has been removed in accordance with Community Policy

[redmetal]

A major can pick this up for a song, put it in their back pocket,and explore the unexplored 50,000 acres. What a bizarre scenario. This is not over yet.

[marpincan]

I agree with you Redmetal

[rationalinvest]

Hi red, imho yes they can buy the DM storage unit, but today the doors opened and everybody had the look inside they were waiting for for many years..  I saw no gold, but mainly old scrap metal in there and metal prices need to go way up for that stuff to be profitable. As to the unexplored land, I don't see majors paying anything substantial for undrilled properties. They would need to

[redmetal]

makes you wonder why Anto hang on so long and continued to spend spend spend.

[rationalinvest]

Yes red indeed, why did Anto hang on this long? However they put the majority of funds in on day one. Upon signing the deal in January 2010, Anto already committed to fund $ 130MM, additional $ 30MM if needed (repayable) and buy $ 12MM in Duluth shares. Maybe they wanted to be sure about the PFS and were just throwing good money after bad... 

[rationalinvest]

PS on Anto: maybe the sudden departure today of the Anto CEO JP Luksic really does have something today with his capital allocation including that on TMM... although the Luksic family holds 65% of Anto. Luksic is only 50 years old, he's not retiring. Maybe he decided it would be better to leave management to Hernandez, a mining veteran, and just keep an eye as non-exec on his big family Anto

[rationalinvest]

I agree with you on poor PR (always wondered why they were not on Marketwire), but maybe... DM wants to keep this below radar. After all, Dundas wasn't really keen to talk about it on the call, now wasn't he? Don't know about you guys, but if I'm enthusiastic about something.. I can talk all day. Also still a deafening silence at their partner's news feed, Anto. I guess they&