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 26.93

0.0%

Apr 1 5:00 PM EST

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To: Shaun M. Dykes who wrote (609)	1/28/1999 10:11:00 PM
From: G.T.	Read Replies (1) of 708

To All on the thread What may help everyone out is the average mine net backs over the past 10 years in Canada from the Canadian Mining Journal. Cu in copper concentrate 57% at .432% resource grade or 4.3lbs Cu net. Ni in nickel concentrate 86% at .109% resource grade or 1.8 lbs Ni net Pt in PGM concentrate 46% at .116g resource grade or .053g Pt net Pd in PGM concentrate 46% at .437g resource grade or .201g Pd net Ag in Cu concentrate 35% at 1.5g resource grade or .52g Ag net Cobalt concentrate 60% at .006% resource grade or 1/10 lb net Conventional NSR Cu 4.3 X .65 = $2.80 # # Ni 1.8 X 2.50 = $4.50 # # Pt .053g X 310 = $0.57 # # Pd .201g X 330 = $2.27 # # Ag .52g X 5.10 = $0.09 # # Co 1/10 X 12.5 = $1.25 Total NSR = $11.48 U.S. It is one thing to mine and mill a one or two element deposit. Copper for $6.00 per tonne or even Copper, gold deposits. It is quite another to mine a multi element deposit. Costs will be well over $10.00 U.S. per tonne to strip, blast, haul, crush, mill and recover to concentrate. The key to the whole project is the pressure leaching and recovery rates. On the companies information jacket the company states. " these forward looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward looking statements, including, without limitation,risks and uncertainties relating to geology, grade and continuity of mineral deposits or other unanticipated difficulties with or interruptions in production,unexpected costs and expenses, and other risks and uncertainties". Talk about covering all possibilities. Looks more like a pump and dump. One million flyer mail out over past few weeks. Far better companies out there for same price or less. My two cents worth

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