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)	2/1/1999 2:12:00 PM
From: Mr Metals	Read Replies (2) of 708

WOW...$100 A SHARE????? Polymet Mining Corp - Taylor says Polymet potential enormous Polymet Mining Corp POM Shares issued 15,293,395 1999-01-29 close $2.52 Monday Feb 1 1999 Writing in the Jan. 5, 1999 edition of his Gold Resource & Environmental Stocks, Jay Taylor says Polymet shares have a shot at gaining 1,000 per cent or more over current price levels. At the time of publication Polymet closed at $1.40 and is one of Mr. Taylor's "Moon Shots". Polymet derives its name from its polymetallic Dunka Road deposit in Minnesota. Mr. Taylor writes that his "good friend Dennis Wheeler has observed that 'Dunka Road is bigger than Voisey Bay'." Mr. Taylor writes, "Choose any definition of 'World Class' you like, and Dunka Road fits that definition." Mr. Taylor calculates a possible 10 per cent discounted present value of $2.7-billion over the first 22 years of production and suggests the market will begin pricing Polymet in a range similar to those values. He notes that considerable risks remain, including risks associated with the complex metallurgy of the deposit, depressed metal prices, and insufficient financial resources. With a number of caveats, Mr. Taylor concludes that "it is possible that the market could value Polymet's main asset at between $37 and $111 per share." (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com MM

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