Post by
marpincan on Aug 20, 2014 10:55am
Poor PR seems to be a big problem with DM
DM releases its PFS and yet there is nothing on Kitco, Bloomberg, Reuters, Seeking Alpha, or any of the news puplications out there. This tells you that PR is definately not doing their job here and if that is the case why bother waisting money on who ever is doing this function. You may as well jeust have the secretary send the news release to the news wire service as it looks like that is all PR is doing. End result is that it flys well under the radar.
As for the PFS - they can produce copper for well under $1.00 per pound and the ore body is huge with lots of room to grow and production rate has lots of room to grow so this IMO is definately an asset that a major would be interested in.
Comment by
ryanmichael on Aug 20, 2014 10:59am
This post has been removed in accordance with Community Policy
Comment by
redmetal on Aug 20, 2014 11:00am
A major can pick this up for a song, put it in their back pocket,and explore the unexplored 50,000 acres. What a bizarre scenario. This is not over yet.
Comment by
marpincan on Aug 20, 2014 11:21am
I agree with you Redmetal
Comment by
redmetal on Aug 20, 2014 11:52am
makes you wonder why Anto hang on so long and continued to spend spend spend.
Comment by
rationalinvest on Aug 20, 2014 12:04pm
Yes red indeed, why did Anto hang on this long? However they put the majority of funds in on day one. Upon signing the deal in January 2010, Anto already committed to fund $ 130MM, additional $ 30MM if needed (repayable) and buy $ 12MM in Duluth shares. Maybe they wanted to be sure about the PFS and were just throwing good money after bad...