Duluth Metals Ltd DULMF

RE:RE:Pickin the bottom

[rationalinvest]

The most important part of this article is the possible corporate tax hike in Chile from 20% to 25%. This hike would have the following consequences, both positive to Duluth:

• TMM (Twin Metals Min.), as Anto's most advanced (and at this point basically sole) non-Chile project, wil move upward in the relative after-tax IRR ranking of Anto's expansion projects. Only a few more months before we will know the TMM number.

• Chile is the world's largest copper producer. Higher corporate taxes = higher production costs which will lead to some expansion being put on hold, less copper supply, thus higher copper prices. Also, if Anto puts some Chile expansion on hold there might be more funds available for TMM to make sure the project is taken to production asap. Anto seems very agressive at this point and they have a solid balance sheet.