The bloggers are still here. All there is to focus on now is the dreaded silence and what it's doing to the investors.

There's some smoking guns that needs to be cleared up. Why no Liard Shares this late in the game? Did Teck not accept the B part of the BFS? Was formal notice give? Why is the company not promoting the deal and facts?

These are valid questions and only the company can answer. DM has 13 billion pounds indicated and 150M shares out. Recent estimates suggest a price of 15 cents a pound.

GT: Duluth has a contract with Antofagasta Plc (ANTO:LSE), which owns 40% of the joint venture. Once the bankable feasibility study is completed, probably in two years, Antofagasta has the option to buy 25% of the Maturi project for a pro rata share of 1.0x net asset value (NAV), which will be determined by the bankable feasibility study. We've modeled it at a NAV 10% discount rate, $2.80 copper, and we get a value of over $2B for the deposit. That's $500 million ($500M) for the 25%, but Duluth is trading only at a couple of hundred million market cap. If I'm Antofagasta, I'm just going to buy Duluth, and then I get 60% for less than I can buy the 25% for. What I like most is that there's a catalyst that encourages Antofagasta buy Duluth much sooner. My target is $5.