Duluth Metals Ltd DULMF

Updated Resource Estimate (URE)

[discovernothing]

GREAT NEWS;  DM's " Corporate Presentation "  on its website now states that the URE is expected by the end of April 2012.  This can only mean that the resources on the site must be so massive it's taking another two months just to  calculate how much we've got. Congratulations to all shareholders.

[goldsternp]

Good that you found this information well hidden in their releases. Thanks. I like your conclusion  that the bigger the resource, the longer it takes to calculate. In fact my calculator takes the same amount of time to calculate 0x0 as it does to figure 1 trillion times 1 trillion but I hope you are right !

[oceaneleven]

SP told us that already...I am okay with that as this allows me to pick up somemore on the cheap....We already seen the sp run up on "assumed NR of updated RE" to 2.60 ish......So, happy to get some more time here...Maybe it will come down to 2 Bucks.......Sorry, but the less I pay, the more I make...I am sure the longs here are A OKAY with that right?

[goldsternp]

Looks like your wish came true and you were able to pick up some more  at $2. It might be relevant for us that Antofagasta  currently owns 40% of Twin Metals while Duluth owns 60% and on March 13 Antofogasta decided against a special dividend : Antofagasta said the decision to restrain its special dividend was driven by capital expenditure plans to drive future growth -- set to hit $1

[oceaneleven]

Well, I looked this am and seen the 1.99 on the ask, but I really didn't expect to come down to 2 buck..I did however, add today at 2.05....I will be buying again tomorrow...So, would you all be mad if I said 1.80 ish? A gal could only wish....

[goldsternp]

As 40% stockholder it is unlikely that Antofagasta isn't involved in this new move. It is amazing how the market gets manipulated on the downside by "insiders" just before positive news. I saw the same thing recently on another of my stocks (OMER) a couple of days before they announced positive Phase 3 biomed test results. One has to wonder whether the SEC is any use at all other