Duluth Metals Ltd DULMF

RE: RE: I can't understand these big downward move

[redmetal]

Cooke jumped in with many daytraders to hopefully enjoy the financial lift off of the great discovery on DEL which DM has been promoting for years in their presentations (Voisey Bay discovery). The initial drill holes were nothing to write home about.  Terrible market (nobody buying) and Opportunists exiting to find another play. Low volume pushing price down.

The targets will be reevaluated and drilling will commence again. I think they need to bring in some deep drills and  find the gem. 

In the mean time, Anto is drilling all of the Amec suggested targets on Maturi to prove the extra 2 billion tons. The last 20 holes have discovered an open pit. What will the next 200 holes find? They will drill a ton from Know till Xmas. 

Last year we bottomed at $1.45 and jumped to $2.70 in 8 months. Not a bad gain if you bought at the lows which I think we are around right now.