Duluth Metals Ltd DULMF

News- 70 feet of 0.83% Copper, 0.28% Nickel and 0.

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Duluth Metals Highlights 70 feet of 0.83% Copper, 0.28% Nickel and 0.876 grams TPM at Maturi Southwest in the Twin Metals Minnesota Project

Drill results of an additional 23 holes (MSW-0021 to MSW-0044) for a total of 43 holes in the Maturi Southwest Exploration Target Area southwest of the Maturi deposit on the Twin Metals Minnesota Project (following Duluth Metals press release dated April 16, 2013 on holes MSW-0001 to MSW-0020) TMM initiated this... Read more

[redmetal]

A lot more metal, some shallow and open pittable. This deposit just gets bigger and bigger. Decent grades as well. Get out there and market this Dundas.

[oceaneleven]

a little coverage I just came across.....George Topping....T:Duluth has a contract withAntofagasta Plc (ANTO:LSE), which owns 40% of the joint venture. Once the bankable feasibility study is completed, probably in two years, Antofagasta has the option to buy 25% of the Maturi project for a pro rata share of 1.0x net asset value (NAV), which will be determined by the bankable feasibility study. We

[estebancaballo]

I am not sure that Anto would be allowed to buy DM for any price...this could become a strategic reserve for the US imho...check out the board of directors of DM........

[shootforthemoon]

Just as an FYI. Anto is not allowed to increase their shareholdings in DM without approval from DM. At this time they do not want Anto to have a bigger stake in DM and therefore the only time Anto can buy shares of DM, is during a placement in which they can buy the equivalent to maintain their current percetange ownership

[DearBear6]

shootforthemoon, Do you have a link or citation for where it says that Anto cannot buy more of DM without DM's approval? thanks

[rocdic]

This post has been removed in accordance with Community Policy

[estebancaballo]

'must be getting boring for those folks on the drill'......no pun intended? What do you think will happen to the sp once the PFS is released? Are there any other catalysts that could move the sp in the meantime? Don't mean to seem impatient....I know this is a long-term investment, but still...........don't want it to get boring..........I mean, we do want them to get boring.......

[rocdic]

This post has been removed in accordance with Community Policy

[estebancaballo]

Right....same expectations from this end.......I think the rise in the $US is holding down commodities...that and the weak demand globally.......seems we are heading into a deflationary period....but who knows? Japan is also a big factor as the carry trade is supporting the $US and dividend bearing stocks..........that leave DM out in the cold for now it seems..........