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Gold/Mining/Energy : PolyMet Mining Corp POM.V (was Fleck Resources)

POM 4.630

+4.3%

Nov 21 9:30 AM EST

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To: Peter who wrote (505)	8/27/1998 3:42:00 PM
From: E. Charters	Read Replies (1) of 708

He may be naive but so were the drafters of the declaration of independence. His forte is mineral economics. Anybody could be cockeyed I guess but he has to abandon all knowledge of supply and usage and history of the metal in order to make so fundamental a mistake. Look a the world platinum situation. Palladium was $120 last year. Platinum is not a commodity. It is a production metal that makes fuel. We need it like oxygen. It drives the Japanese economy. It has one of the most stable metal price histories. Look at Rustenberg, the world's largest supplier. For 20 years the only price they quoted was $475.00/oz. The yanks would quoted 350.00 Rustenberg had no trouble selling their platinum all over at the higher price. Strange eh? Platinum is a strange world. Second guess it at your own risk. Inco has stone walled the entire planet since 1926 as to how much they produce of each Pt metal and what they really make on it. All their assaying was secret for 50 years. Nobody I know who worked at Inco every heard of a platinum assay being taken. And nobody will tell you exactly what they use it for. It is a strategic metal with some pretty secret applications in warships and weapons. Get me a quote on Osmium tetraoxide and you will see what I mean. Get Inco's true production figures for it for the past 20 years. Find out what it is used for. Dentistry is hooey. It was used in the Osmiroid ball point pen. It has some fantastic and useful characteristics. Interesting eh? The sphinx is more talkative than Osmium users and producers. Nope. There is a reason Naldrett and Gentry are playing tuba on the platinum bandwagon and perhaps we should look into it. World economic meltdown doesn't help of course but something tells me all things being equal we will still have to crack gas or park the flivver. EC<:-}

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