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Douglas Lake Minerals Inc DLKM



GREY:DLKM - Post by User

Post by AU_NBon May 06, 2009 12:57pm
434 Views
Post# 15971374

Yukon_Cornelius

Yukon_Cornelius
Welcome onboard from one who is fairly new himself.   The more news and views we have, the better.

As to the the hurdles you acknowledge, to me, it would seem that DLKM is in a lot better shape than many junior explorers:

1.  The OTC in Canada does not preclude progress towards a mining license in Tazania which, as I understand, relies on JORC requirements, not NI 43-101 procedures.  Accordingly, the jurisdiction issuing the license, should  not necessarily be required to wait for another non-Tanzanian regulator's action regarding merely stock trading in the latter's jurisdiction.  While BC's interest is in maintaining control over representations to investors in its provenvce, Tanazania's interest is in growing its economic base as quickly as possible. It would not seem to be in Tanzania's best interest to delay its own process.

2.  As to capital, it would seem that DLKM has at least a leg up on other juniors, too.  It currently has capital from/via TIGMR for development, and it appartently has access to additional funding outside North America.

fwiw

jmho
icbw
dyodd
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