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Gold/Mining/Energy : PolyMet Mining (PLM)

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From: Paul Lee3/27/2018 8:21:07 PM
   of 23
 
Here is why the PLM stock has dropped.


mprnews.org



PolyMet's current plans call for mining about one-third of the mineral resources the company controls. The company predicts earning between about $170 million and $270 million in profits over the 20-year life span of the mine as currently proposed.
That's actually significantly less than the roughly $650 million PolyMet predicted in an updated technical report released in 2012.
In that report, PolyMet predicted an internal rate of return of about 30 percent. That's three times the roughly 10 percent rate of return the company projects in its new document.
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