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Polymet Mining Corp PLM.R.W


Primary Symbol: T.POM

PolyMet Mining Corp. is a mine development company. The Company is engaged in mining copper, nickel and precious metals from the NorthMet ore body. The Company owns the NorthMet Project and Mesaba Project, which is a copper, nickel, cobalt and platinum group metal (PGM) deposits. The NorthMet deposit is located in the Partridge River Intrusion of the Duluth Complex, a geological formation near the eastern end of the Mesabi Iron Range, which is an undeveloped accumulation of copper, nickel and platinum group metals. The Mesaba Project is located in St. Louis County, Minnesota. Its NorthMet is a disseminated sulfide deposit in heterogeneous troctolitic rocks associated with Mid-continent Rift, and is rich with copper, nickel, cobalt, platinum, palladium, gold and silver. The majority of the metals are concentrated in, or associated with, four sulfide minerals: chalcopyrite, cubanite, pentlandite and pyrrhotite.


TSX:POM - Post by User

Bullboard Posts
Comment by topdopon Jan 08, 2018 11:21am
198 Views
Post# 27306237

RE:RE:Echo.....Greetings fellow POM investors

RE:RE:Echo.....Greetings fellow POM investors#ch1nmuzak My understanding is that FINAL permits are yet to come subject to a remaining public forum period per this last week's PR in which POM said it's NorthMet draft permit had been released by the Minnesota Department of Natural Resources (DNR). Note an "approved permit" would allow POM to construct & operate NorthMet copper/nickel/precious metal mine (under the DNR's conditions). That's when the shares of which you speak will be granted subject to that final permitting, so no, not yet. And they will extinguish the commensurate value of debt. I imagine the conversation price of which you speak ($1.27?) would also have seemed somewhat high (ie: expensive) at the time when POM was half the price it is today (or less?). Personally, I don't have a problem with Management financing their project in this way given it (has) further reduced risk and eventual Mine permitting and construction. These are my views only. Thanks for reading.
Bullboard Posts