Duluth Metals Ltd DULMF

Weak hands played out

[estebancaballo]

Now that the sellers have left the room (with the lights still on)  we long term guys can get back to business...........

[redmetal]

A little early tax loss selling by a few lemmings.  

[oceaneleven]

Holy Moses...I can't believe this sp came down to 1.57....A few years back it hit 1.50 and we haven proven up and have grown huge....How much lower will they drag this sp down before they let her RIP!!! I am going to have to sell some of the hubby's belongings and buy more....Anyone interested in a nice fishing boat?

[oceaneleven]

100 Billion worth of metals?MINNEAPOLIS (AP) — New data suggest that a proposed mine near Ely contains one of the world’s largest deposits of copper, nickel and precious metals, along with some of the largest platinum and palladium resources outside South Africa, the company planning the mine told analysts Wednesday. Duluth Metals Ltd., the Canadian-based parent of Twin Metals

[oceaneleven]

another write up.... A New Copper Deposit Announcement From Duluth Metals Limited June 18, 2012 | 7 commentsby: Kenneth Roberts | about: DULMF.PK, includes: FCX, JJC, WIRE A junior mining company that trades on the Toronto Exchange has recently announced a substantial new deposit. Duluth Metals Limited trades under the symbol (DM.TO) on the Toronto Exchange and the

[TheCardinal]

"100 Billion worth of metals?"   As Illinois Senator Everett Dirksen so famously remarked one day at some Senate hearing :   "A billion dollars here ... a billion dollars there... pretty soon.. you're talking some real money ! "

[redmetal]

I think he is a little light at $14 a share.

[aandeel]

KEEP ON DREAMING.good luck.

[canusa]

a lot light :)

[estebancaballo]

Looks like a few weak players got left behind.....oh well, let them sell out and let's start this quarter with a fresh slate! Some investors may be looking at 'better opportunities elsewhere' and might think DM stands for 'dead money' but the reality is that they could easily miss the upswing when it comes, imo - we really don't know what will trigger it

[TheCardinal]

Relax, Esteban.  When the move comes, it will be "tipped" by volume from the smart-money trading desks.   Watch the chart; it will speak when it's ready.

[estebancaballo]

Merci, votre eminence le cardinal. But at what level, pray tell, does the volume become a tip?

[green24]

While I'm not a shareholder (yet), I keep coming back to this one.  Fantasticly large deposit.  I knew a week ago, but have forgotten since.  How much of the deposit belongs to DM?  Was it 60%?  Also, what was the average metal value per tonne of rock?  I'm thinking about $75.  Is that correct?   Thanks all.

[estebancaballo]

Yes I think Duluth owns 60% of the JV with Antofogasta owning the rest. Not sure of the metal value per tonne of rock...someone else will probably give you that.

[KW_08]

According to the Resource Intelligence website, and using today's spot prices, the ore is worth $107/ton. This is not using the most up to date grades which are higher.  This is based on October 2009 results. The rest of the math becomes obvious to those of us who are long.

[TheCardinal]

"But at what level, pray tell, does the volume become a tip?" @Esteban :  That's the tricky part, all right, because it will always be a function of recent trading volume.  Generally, I consider a "tip" when one of the two criteria are met :   1.  A daily volume that is 30% or more than the 10-day average volume ; or 2.  Larger-than-usual blocks

[oceaneleven]

Hmmm... Duluth Metals Limited (DULMF) Shares Enter Oversold TerritoryBy Metals Channel Staff, Thursday, June 28, 3:59 PM ET Now Playing: Learn About The RSI Start slideshow: 10 Oversold Metals Stocks » In trading on Thursday, shares of Duluth Metals Limited (DULMF) entered into oversold territory, changing hands as low as $1