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Bullboard - Stock Discussion Forum Douglas Lake Minerals Inc DLKM

GREY:DLKM - Post Discussion

Douglas Lake Minerals Inc > Looking at the chart
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Post by traveller180 on Jan 24, 2012 10:32am

Looking at the chart

Yesterday looked a lot more like something I would expect to see on a penny stock's chart with the almost harmonic ups and downs...

I still think that (in thinking about the Hoffman reference) any junior should not discount any size of gold when it comes to final production. Visible gold, although amounting to 95% +/- what is produced, still leaves the stuff 100 mesh or smaller in the water. That extra 5% can really add up, believe me.

The stuff I find locally is ALL 40 mesh or smaller. 20 mesh is considered a 'nugget' in this region. I just had a pair of earrings (13.7 grams) made for my step daughter out of the micro fines that I would not have even seen if I had not smelted my cons.

If I were to do the math, hypothetically, on say 5g/tonne. That would amount to an extra .25g/tonne. Yeah, I know, not a lot, but for my money and effort at 50 to 200 tonnes per day, that IS worth it to me.

just my opinion.

Comment by tanzdevil on Jan 24, 2012 8:15pm
Did anyone see the bid/ask prior to the opening bell? Bid was .085 cents, ask was .27 cents. This is the problem when trading on these kinds of markets.
Comment by stockarchangel on Jan 24, 2012 10:44pm
No, b/a was .10/.11 just before the bell. If you're looking at Stockwatch or otcbb.com, those quotes are not even close to reality. Unfortunately, DLKM no longer subscribes to be LII quoted on otcmarkets.com. It might be a good idea for someone to whisper in management's ear. From what I hear, its not expensive at all. Personally, I get my real time quotes from my online broker.
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