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Duluth Metals Ltd DULMF



GREY:DULMF - Post by User

Comment by marpincanon Jul 09, 2014 10:04am
252 Views
Post# 22728312

RE:RE:this may be the reason Anto is backing off

RE:RE:this may be the reason Anto is backing off
DM is sitting on a very large deposit of some currently very hot commodities (palladium, nickel and to a lesser extent copper) . It would cost another major 300 - 500 million to land a sucker punch to Anto and take control of the deposit and DM. ( 230 million to put Anto's 40% of the deposit into DM's hands and a couple hundred million to fill DM treasury is how I come up with that number.) Of Course Anto has the right to match or exceed this. Either way if this happens, Dundas and company are out as I doubt Anto or any major taking control will want him and buddies around. If it does not happen, he may as well be out as he will have a company with no money to do anything and a very weal share price. 

****Key is the PFS as this will determine what DM is worth to a major.*** 

My read is that Anto and DM (Dundas) had a major dissagreement on what was worth what and that is why we got the abrupt move by Anto just before the PFS was to be released.

Time will tell but we are headed for a very interesting stretch.
- JMO
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