Duluth Metals Ltd DULMF

Resource

[elberbank]

If you have 262 million short tons of ore and it graded 0.09 ppm of Au how many oz. of gold would you have.

[elberbank]

My take: From the NR; Maturi Deposit, I will use the measured Mineral Resource CU% cut off 0.4. I will also discount todays metal prices by 15%. I will follow the Recovery Concentrate and Payable % as found on page 7. Last I will use the cost found on page 6. Cost to produce = $5.675 B Value of Pt = $0.394 B Value of Pd = $0.768 B Value of Au = $0.230 B Value of Ni = $3.861B Value of Ci = $6.607B

[rocdic]

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[elberbank]

As I said I discounted “todays” price by %15. At time of post: Copper traded at $3.20 I used $2.72 the report stated $3.30 Nickel traded at $6.46 I used $5.49 the report stated $10.00 Gold traded at $1330.85 I used $1131.22 the report stated $1350.00 Platinum traded at $1429.00 I used $1214.65 the report stated $2000.00 Palladium traded at $731.00 I used $621.35 the report stated $850 The rest is

[rocdic]

This post has been removed in accordance with Community Policy

[estebancaballo]

Can't imagine it not being viable... my understanding of the concerns were regarding permits, cash flow and the overall economic situation and global demand for copper......I really can't imagine that global demand for copper would drop to such a level in coming years that it would threaten the viability of this project.... on the contrary I think demand can only go up and that DM is

[redmetal]

I think the real problem is that this has been a frustratingly slow play. In 2010, they said they would be mining by 2015. We will be luck to see a PFS by the end of 2014. A BFS maybe in 2016 and permitting by 2019. Mining now by 2021. I would be very surprised if the PFS was not outstanding. This has been dead money to many for a long time. There was a promise of a big find on the 100% own lands

[estebancaballo]

Absolutely agree Red. It is a long way away but the mine should be built and will be mega... I think things could happen between now and then that could boost the sp.... a buy-out, more discoveries, a climb in the price of copper, etc. Also time is on our side, as it goes by we get closer to the start-up date.... if we live that long :).