Duluth Metals Ltd DULMF

duluth agm

[mayorkgh]

I attended. The most interesting slide presented was #7 (borrowed from TD) which is a peer comparison of deposit size and grade. Twin Metals, based on current data, is already very close to Oyu Tolgoi  in both categories. Oyu Tolgoi is being developed by Rio Tinto in Mongolia, where the politics are very difficult, the infrastructure is on existent, and ther is no water. Notwithstanding that, Oyu Tolgoi is consistently cited as being the future engine for Mongolia's economic development and one of the most promising mining developments in the world. Twin Metals, by comparison, has to be in a league of its own, with more resource inevitably to be added. The prefeasibility will be ready by the end of 1Q2014 and the bankable feasibility study, which is essentially a permitting exercise, will follow a year or so later. A lot will happen between now and then. The prefeasibility will give a pretty clear idea of the scale and value of this project. This will influence any additional interim financing that may be necessary and will get Antofogasta thinking seriously about how it wants to proceed. It may also be of interest to other mining groups looking for additional resources. The other interesting slide was #9, which shows the principal shareholders. Besides Antofogasta, there are Oppenheimer, The Capital Group, J. P. Morgan, and Li Ka-shing's Cheung Kong Group. This is serious money and they all have substantial stakes.The current share price has no bearing on reality; it has dropped with rest of the market and the departure of impatient investors with small holdings. Long term investors will be well rewarded.

[rocdic]

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[redmetal]

New strategy guys. Bash the company so you can keep picking up ridiculously cheap shares before the world awakens before the Pre Feas.

[redmetal]

what a useless company. :)

[rocdic]

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[estebancaballo]

Its not working....ask one of those shorters to do it for you..........they are really good at it.........there are lots over on K! You get points for being funny, though, R!

[oceaneleven]

This am there was mention of copper pricing falling under 3 bucks....Scary stuff...I'll be back to buy more shares at $1.25 :0)

[DearBear6]

Anyone can read about the Fitch Analyst who is reporting on the Chinese "Bubble" unlike any in modern history. I have come to the conclusion that China construction and rising import/exports, which started in the early 2000's, is the reason for copper's higher prices compared to previous decades. China's demand for copper is 150% of both the US and EU combined right now,

[estebancaballo]

So is it you idea that copper is in a bubble which will burst?

[DearBear6]

I don't know. It is true that China's value of imports and exports from the early 2000s onwards rose significantly along with copper prices. It could be that part of the rising demand for copper in China is based on the ~$1.6 trillion of products imported and exported out of China. However, the infrastructure and building projects that China undertook in the last decade increased the

[estebancaballo]

My guess is that we are in  a slow period but that global demand for copper will pick up in a few years....dm will be well positioned for this growth period...imho. China is not the only market and the increasing middle class worldwide will fuel demand for copper going forward.....imho

[oceaneleven]

This was from yesterday...............Keep in mind we have other valuable resources and there seems to be problems in Africa........... Market Nuggets: R.J. O’Brien: Copper Technicals Bearish: Chinese Buying Seen On Further DeclineMonday June 17, 2013 9:22 AM R.J. O’Brien & Associates describes a bearish technical picture for copper but also would

[DearBear6]

Estebancaballo, If there is a slow period, it has not started yet. Considering China is 40% of copper's world demand, it is the major player. The EU and US are the consumer nations that China would theoretically become. The US is 25% of China's copper demand in 2012 while the United State's GDP is twice China's "fake" GDP numbers. Middle class consumption does not fuel