PolyMet Mining Corp POM.V (was Fleck Resources) Message Board

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

POM 0.346

+30.2%

Dec 23 3:59 PM EST

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To: robert b who wrote (549)	10/16/1998 12:14:00 PM
From: Shaun M. Dykes	of 708

Don't get hung up with the gold on this deposit, PGM's much better. The key is that the rock at Dunka is worth today 1.5 to 2.5 times more than that currently being produced for profit. $18 to $20.00 at current metal prices. Can they recover it economically? They have passed stage 1 of 3. Stage 2 is bulk test, stage 3 is full scale pilot plant. If results of bulk test are the same as initial tests then there will be a mine. Another very very important thing to remember is that the metallurgy is being applied to a concentrate not to the overall rock. The concentrate is very easy to make through standard flotation techniques. By working with the concentrate only a small fraction (4%) of the original volume has to be processed. Plus the grades of the concentrate are 20 to 30 times higher than the original rock. We just have to wait and see how things develop. Samples from the drilling will be first used to make a concentrate and then the concentrate will be processed using the Bio-oxidation and pressure oxidation techniques to separate metals.

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