Duluth Metals Ltd DULMF

RE: RE: Financing

[DearBear6]

RedMetal,

 

"We know Anto will want the extra 25% of Duluth if not the whole thing. 

The agreement calls for 1xNAV to get the extra 25%. This should be over $1 billion dollars."

 

Let me get this straight, Anto will give Duluth Metals money(and/or buy stock?) equal to 1xNAV(100% of the entire Nokomis Project) based on the bankable or definitive feasibility study that comes out soon?

 

What is your math that got you to estimate that 1xNAV is over $1 billion?

 

Thanks