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Douglas Lake Minerals Inc DLKM



GREY:DLKM - Post by User

Comment by 8saturday8on Dec 11, 2010 9:18am
462 Views
Post# 17833314

RE: RE: RE Tanzanian Devil

RE: RE: RE Tanzanian DevilHi Tanzanian Devil: You are 100 percent right I think most of the people here knows how you can drill on one property and hit big and the property right next door comes up with nothing. I personally have had 3 different companies like this where it was claimed there was millions of ounces on the property where the drill results came up with nothing. Look at the Carlin trend how many holes were drilled before anything was hit. Say they drilled the heck out of the Handeni and come up with 0. They still have the RBYCs  JVs  Mikuvia property which they are test mining now  and should go into production to provide cash flow for DLKM. The people that sold the Handeni property to DLKM have millions of shares in the company. I do not think they will let DLKM sink. They have over 100 other properties in Tanzania they could vend into DLKM. Also the Chinese have a big stake in DLKM. I do not think either one of these entities will let DLKM fail. At .42 a share I think DLKM is still a bargain at these prices and have more up side than downside. Say a company, any company goes from  say .42 to 6 bucks like Can or even 4 bucks a share.. It makes up for all the money you lost and still come up with a profit  This is why I am in DLKM and RBYC. I see the people behind the company now and it is a total reversal from a year ago. I am glad you made money in Canoco and hope that you can do the same with Douglas Lake.
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