Duluth Metals Ltd DULMF

Hard to believe

[redmetal]

that this company owns 60% of close to 1 billion tons of 1.5 % Copper equivalent in a layer cake deposit with a negative cash cost. I guess the market needs some fresh numbers to go on.

[yoda2]

redmetal It may not be the metal numbers  It may instead be concerns about the: capacity of managmenent, the precatious financial condition, and/or the seemingly over expenditures on: management salaries, administration, and exploration of the 100% owned properties. DM may need a lucky break or maybe a wholesale change of top managment.  

[materialsgirl]

redmetal I looked at this several years ago and luckily I got distracted before I bought.  It is down about 80% or so in this time. I too find it hard to believe that such a vast resource would get such a low valuation. It is still a long ways off from production so it is hard to attract attention.  The joint venture partner is a tailwind on the one hand but a headwind in that there