EDISON EQUITY RESEARCH - DULUTH METALS
October 29 2014 - 5:54PM
InvestorsHub NewsWire
EDISON EQUITY RESEARCH:
DULUTH METALS - ROYAL GOLD US$175M
GOLD STREAMING AGREEMENT
Duluth’s PFS highlights the Twin Metals Minnesota (TMM) project as
an economically viable Tier 1 asset at reasonable long-term
commodity price forecasts. With Antofagasta recently deciding not
to increase its ownership and reverting to a conventional 40%
funding equity interest, options for TMM’s development lead to an
increased focus on the Barclays strategic review currently
underway. Finding a suitable Tier 1 asset developer capable of
funding multi-billion dollar projects is limited to a small pool of
large mining companies. Recent M&A activity in the copper space
highlights such companies are buying Tier 1 assets to fit
longer-term growth profiles.
Duluth Metals is a TSX-listed Canadian company focused on
investigating the Twin Metals Minnesota
copper-nickel-cobalt-platinum-palladium-gold-silver project held in
JV with Antofagasta (40%) and exploring for similar deposits in NE
Minnesota, US.
To view our full report, please click here:
http://www.edisoninvestmentresearch.com/research/report/duluth-metals9
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