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

To: koan who wrote (25815)	11/18/2006 4:38:44 PM
From: siempre33	Respond to of 78411

Been watching Polymet for a good entry point....it is not yet, but should be soon...I believe it has a real good future..

To: koan who wrote (25815)	11/18/2006 8:27:53 PM
From: loantech	Respond to of 78411

POM is bigger than that. With .46% copper(I think) and all the other metal credits you are mining copper for like 56 cents. It is a no brainer. With 5 + billion lbs of coper and a plant that can roll 100K per day. I am adding at these levels.

To: koan who wrote (25815)	11/19/2006 9:25:41 AM
From: loantech	Respond to of 78411

??Mineral Resources ~Measured and Indicated (M&I) Resources of 422.1 million tons ~grade of 0.86% copper equivalent ~additional Inferred Resource of 120.6 million tons ~grade 0.80% copper equivalent ~resource is open along strike and down dip ??Reserves ~Proven and Probable 181.7 million tons (within the M&I Resource) ~grades 0.96% copper equivalent polymetmining.com About 724 tons of .86 copper equiv. These numbers show if current prices hold look out for POM as a cash generator: NorthMet has a global resource of approximately 900 million tonnes grading 0.32% copper, 0.085% nickel, 0.006% cobalt, 0.43 grams per tonne platinum group metals, and 0.045 grams per tonne gold. ?? A Canadian National Instrument 43-101-standard report published in July 2005 reviewed a plan to mine approximately 250 million tonnes over a 29-year mine life, representing just 28% of the total resource. ?? There are several valuation criteria: we believe the net present value of future cash flows is the most meaningful. Using three-year average metal prices, we estimate the pre-tax PV10 of the project to be approximately US$230 million and the project IRR before tax to be 25.8%. By the time the project is in full production in 2008, the PV10 increases to more than US$520 million, using those same three-year average metal prices. ?? If metal prices were to average 20% above the average of the past three years, which would put copper at US$1.25 per pound and nickel at US$6.30, compared with US$1.74 and US$6.85 respectively recently, those PV10 valuations increase to US$450 million and nearly US$800 million.>> proteuscapital.com