Douglas Lake Minerals Inc DLKM

Rumor Mill

[JJ40]

I think that it is safe to say that we will not know anything that is going on until it has.  Which is ok by me since this philosophy is usually how we derive information, unless you are a psychic.  How many psychics have made it big in the investment world?

There has been a little conversation in the Investors Village board.  This excerpt come from a poster:
"a new eis is being worked on, and a mining license is expected by Julyby rbyc. I got a forwarded email from some big shareholder who expects50K oz production gross this year and 200K gross 2011.

he also predicts rbyc will get all of mkuvia for more payments and 4M shares.

X $1200 and cash costs under $300 and the numbers blow you away for both rbyc and dlkm for this year and next"

What do you all think?  Maybe this will add some interest until we hopefully get those licenses in July.

[Yukon_Cornelius]

JJ- Here's the most current public info put out by RBYC(updated May 2010) Mkuvia highlights: permitting expected late q2, mining expected q3. If they're on schedule, we're on the doorstep. https://www.rubycreekresources.com/i/pdf/RubyCreekExecSummary-May-2010.pdf

[JJ40]

Thanks Yukon.  I am excited and cautiously optimistic.  On a speculative note, how much does DLKM stand to gain?  I think that it seems that RBYC would be the stock to own in relation to the Mkuvia project.  But lets say Ruby gets 20,000 OZ of gold this year.  Lets be conservative and say that gold is $1100 oz.  Does DLKM get 25% of that number?  Or does the TZ

[JJ40]

I meant to say "does the TZ gov't get 3 OR 4 percent"?  That 3/4 could irritate a sphincter or two.JJ

[Yukon_Cornelius]

Without seeing the JV agreement, it would be hard for me to speculate on how the pie is divided. In addition to TZ's cut- whatever the tax rate- keep in mind that Ruby will bear all the costs of production. They believe they can deliver the  gold for under $300/oz. (my conservative number). And I'm uncertain if that is inclusive of all their startup costs or assumes a future well

[JJ40]

Thanks Yukon.  I appreciate the reply.  Just trying to get an idea of what to look forward to and keep some interest on the boards here.  Although I'm sure that interest will build over the next couple of months.  Here's to great success (say like Borat)!JJ