Duluth Metals Ltd DULMF

Cash Position and Monthly Burn Rate?

[p1on33r]

Does anyone know Duluth's current cash position and their monthly burn rate?  I would like to get an idea of what to expect as far as future financings, dilution, etc...

Thanks!

[rocdic]

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[redmetal]

Read this.https://www.duluthmetals.com/i/pdf/2012-Q2.pdf Since the financials, they have borrowed 10 million from Anto and started drilling on NON TWIN METALS LAND. They have 25 million in cash. Do your homework you guys. Its your money.

[p1on33r]

rocdlc and redmetal, Thanks for your feedback and the link - that is exactly what I was looking for.  I have been interested in Duluth ever since Brent Cook made it a Top Pick on BNN, stating that the existing resource / agreement is covered by their current market cap, and essentially you get the exploration / upside for free.  In addition, I like the exposure to the Platinum group

[rocdic]

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[rocdic]

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[shootforthemoon]

Pioneer,   You are pretty bang on in your assessment, however two points. 1. The spin out event has already occurred. Shareholders from roughly 2 years ago received a warrant for the newco for when they achieve certain events. Last month they released an extension as the warrants were set to expire in Jan 2013. The spin out will not be all the shares as DM will continue to hold 50.1% of the

[marpincan]

retyn = SPAM

[marpincan]

camsenko = spam