Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : PolyMet Mining Corp POM.V (was Fleck Resources) -- Ignore unavailable to you. Want to Upgrade?

To: jrsh02 who wrote (694)	3/1/2004 1:54:03 PM
From: siempre	Read Replies (1) \| Respond to of 708

yeah, looks mighty interesting.... thanx to my friend m2trains for the headsup on POM.V... I did a little checking & came up with this.... I did an analysis of Polymet -POM- huge low-grade property in the iron belt... they have 808M tons of ore...@ 25,000 tons per day that'll last 'em 100 yrs....copper is the main attraction...the figures are mind-boggling... can't believe my calculator...but @ 0.432% Cu... 808M X .00432...& recovery rate of 92.2%... you figure it out...WOW!...also platinum, palladium, gold, silver, cobalt.... bfs by July...production in 2005....fwiw... a little further figuring shows that daily production of copper [projected] at current prices would yield a gross profit of $277,000....that's PER DAY.... & doesn't even take into account the other metals....