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.

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Polymet Mining Corp

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Comment by smilewithmeon Feb 21, 2008 7:41am

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Post# 14518726

RE: Lots of Potential in the Duluth Area

theguru1 FRA should be in production in 2011 (not 5-10 years away) The have enough money around $20 million to last them for the next few years including the Feasibility study. And their NPV is still attractive if they have to build their own plant. But as you suggest, am sure that they will use Polymets Erie plant. All companies will benefit - FRA's NPV will increase a lot removing the capital cost and Polymet will get more revenue. And agree that Polymet is a safer bet but FRA has a lot more upside potential. I like all the companies...

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