RE: RE: RE: CUMO MINEOh Biotite, the spin is pretty impressive there.
First of all, DM will have a better recovery system than Polymet as the geological style of the deposits are significantly different, not sure how much better, but better nonetheless.
Also the Nokomis zone has not been accurately outlined yet, step out drilling continues to hit mineralized zones, thirdly various pockets are continuing to hit higher level grades than the 43-101 are showing.
There is a reason why they are undertaking a massive 2 year drilling program to get the property properly defined. The 43-101 you quoted is a year old and a new one is underway so based on the growth on the last 43-101 and the great drilling results expect to see a further 15-20% growth.
DM though also has the adjacent property that shows the identical geological readings that Nokomis has which has yet to be drilled.
You may have noticed that they just purchased the adjacent property on the other side today to further increase this already monstrous deposit.
Finally, look at the prices used, Cumo is abundantly Moly and they used $16 in their figure which is basically dead on for the current spot price, DM used extremely conservative rates for Copper, less than half it is worth at todays spot price, PGM well below spot price, and Nickel well below spot price.
All in All, while Cumo is big, I must stick with my original assessment that DM is just that much bigger. I also believe the market agrees with me based on Market value.