RE: Lots of Potential in the Duluth Areatheguru1
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...