Duluth Metals Ltd DULMF

Do they use a different calendar or do they mean 2015?

[yoda2]

On  July  3:

Christopher Dundas, Executive Chairman of Duluth Metals. stated "We are looking forward to publishing highlights of the very comprehensive Pre-Feasibility ("PFS") Technical Report during the second half of July."  and

Kelly Osborne, President and CEO of Duluth Metals and former Interim VP Project for TMM commented, "We believe the highlights of the PFS Technical Report to be published later this month ........"

Hard  to have any faith or trust in DM management.!

[redmetal]

I suspect Dundas has taken his family to Dunkin Donuts for dinner to try and calm his nerves. What I dont get is all the money Anto has spent  for 4 years and then backing out. $220 million isnt chump change. Perhaps another partner will be able to figure out the metallurgy.

[rationalinvest]

Yes, the PFS will solve large part of the mystery. Regarding timing, I am not too concerned yet. I've seen way worse on other resource stocks (Eastmain (ER) is a total joke for example) and the Anto move could cause a legitimate delay. On the other hand, if PFS was already good there would be no need to modify a lot one might think. Also makes one wonder what the DM-Anto relationship is

[Arbus1]

Anto hasn't exactly backed out, they still own 40 percent of this thing.  I suspect they may be shelving this project for later development.

[estebancaballo]

They no longer control the project and cannot shelve it or do anything with it unilaterally. DM controls DM - management is looking at all options. It is not inconceivable that another major will step in as this is a huge deposit in an excellent location.....Anto have other fish to fry but this does not mean that this project won't be developed. All imho.

[redmetal]

I agree with you Este. It all comes down to the PFS. If it is OK then I can see a player taking us out. They would get all the Duluth exploration land which could if you believe management be worth a lot if they find something.

[Arbus1]

I agree more exploration is necessary.  Unless they find some higher grade ore to pay back the billions it will take to get this mine up and running more quickly it may just be left in the ground as a future reserve. I bought DM two years ago when they were still drilling hoping they would find that higher grade ore, looks like I lost that bet.  Doesn't mean higher grade ore isn'

[TheCardinal]

Arbus1 wrote: I agree more exploration is necessary. Unless they find some higher grade ore to pay back the billions it will take to get this mine up and running more quickly it may just be left in the ground as a future reserve. I guess you must have missed this Press Release from May https://www.stockhouse.com/news/press-releases/2014/05/01/duluth-metals-highlights-twin-metal-s-nickel-position

[estebancaballo]

Totally agree with His Eminence. Some people just aren't good at math....or they are shorting the stock.....

[Nazarbaz]

I'm afraid an OK. PFS won't do. We are still in a mining bear market. Either you have an stellar project or the market doesn't care! And unlike the illusion  that some people on this board have the metal under ground is irrelevant. What matters is the casg flow, i.e., IRR.

[estebancaballo]

You obviously have not been doing your DD on DM, N. DM does not do 'Ok'. The TM reserve is phenomenal, world-class. One of only a few of such multi-metal (including Platinum, Gold, Nickel) resources in the world. Size does matter. Cash flow follows. The PFS will show this. All imho.