RE: RE: My interest was piquedBe careful with comparisons to Polymet (which sound all great from a promotional perspective), but the whole key to making the Polymet deposit economic is becuase of all the infastructure currently in place. Polymet picked up for few million $'s and some shares an onsite (well 6 miles away) massive 100,000 ton per day crushing facility (The Erie Plant) that cost $350 million to build in 1950. It also has a private railroad and power is available. Not to mention it is located in Minnessota and not a remote location. So while the grades may be comparable, that is only part of the story in making a deposit.
I am not a Wellgreen basher as I have not dug deep enough to really understand that deposit (I am here for the coal ;), I am shareholder of PCY and own all of the Duluth sisters (Polymet, Duluth and Franconia) so I do want all to succeed. Just don't get too carried away with the Polymet comparison is all...
PS - John McGoran who works for PCY now was the president of Fleck (that usedto own Polymet) so it is easy to see who this is coming from and/or why he was brought on board