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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: E. Charters who wrote (19846)	9/3/2006 12:24:36 AM
From: loantech	Read Replies (1) \| Respond to of 78408

So could 100,000 TPD: <The Cliffs-Erie plant was built by LTV Corporation in the early 1950s to support taconite mining operations in the area. 100,000 tons per day of taconite was transported to the plant in rail cars, processed at the plant before the resulting iron ore was pelletized for shipping to customers.> Page 13 proteuscapital.com <Not only is the scale impressive, but the quality and logistics are remarkable. Every major piece of equipment can be pulled out of line with massive overhead cranes so that repairs and maintenance can be carried out without disrupting production. Key items such as the primary crushers and loading system are duplicated. People ask what it would cost to replicate – the simple answer is that today no-one would even contemplate replicating the plant, but estimates range upward of US$2 billion. PolyMet plans to utilize approximately one-quarter of the plant in its initial operations. Given the parallel circuits, operating below capacity will be efficient. The excess capacity will facilitate project expansion or processing of material from other deposits in the area.> Page 14 With both the metal value and the plant value I think it represents value. <g>