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

To: loantech who wrote (26501)	11/28/2006 4:11:36 PM
From: TheSlowLane	Read Replies (3) \| Respond to of 78431

Did you see Dr. Berry's comments today? "POLYMET In the not too distant future I will be distributing a valuation report on Polymet. I have followed the stock for over 1 year and I am convinced that it is becoming a Legacy stock. Here’s why. The company is literally sitting on between 500 million and 1 billion pounds of ore rich in copper, gold, platinum, cobalt and nickel. The project is called the NorthMet project. NorthMet is 100% owned by Polymet. It is located in a well known mining district of the Mesabi Iron Range in northeastern Minnesota. Teck Cominco is a neighbor with a significant interest in the area. More important POM’s deposit is in the continental United States. The company has a fully functional plant, the Erie plant, which it purchased from Cleveland Cliffs. The plant is located 6 miles from the ore body. There is a rail link to Lake Superior which is approximately 40 miles to the east. Sound too good to be true? It is true and demands your attention, now. Even though the discoveries of its ore body have been made and I think the metallurgical problems solved, the value has not yet been recognize by the market in POM’s share price. This company could be in metal production in the fourth quarter of 2008. Mine production is slated for mid year 2008. POM will be the only nickel producer in the United States. Yesterday the company announced it was on track for 2008 production from its mine and plant. Specifically, the company said in its press release yesterday, “William Murray, President and CEO of PolyMet stated, "We are very encouraged by the cooperation we are receiving from the State of Minnesota to maintain the timeline to start commercial production. Not only is this timeline important for PolyMet, it is also important for the State and for the local communities to ensure that the creation of up to 1,000 construction jobs and at least 400 long-term, high quality jobs is not delayed unnecessarily." The company has 125 million shares outstanding on a fully diluted basis. I do not see a need for much more equity financing in this case. Cleveland Cliffs owns 6% of the stock and management owns about 12%. With a market capitalization of $400 million this company could show annual EBITDA of $175 million. If so, the IRR would be 27% and the NPV nearly $600 million from the first 5 years of operation. These numbers are based on $1.25 copper and $5.60 nickel. If management executes on time and to expectation, this will be a very significant wealth creator over the next decade. Where will the company deploy its future cash hoard? Please consider this developing Legacy opportunity. Nickel is $15 per pound today and copper slightly over $3.00. Therefore, I believe the valuation is quite conservative. I am an advisor to Polymet Mining for which I received stock options that vest over time."

To: loantech who wrote (26501)	11/28/2006 5:09:30 PM
From: wsw1	Read Replies (1) \| Respond to of 78431

tom, i added only 1k so far at $3.32...i'm just looking for strong confirmation tomorrow with a high volume move over $3.40, and then i'll be adding to my existing position what you added today...i see current resistance pegged at $3.39, and you could see the jerks trying to cap the action today at various levels despite the overall nice move so far on above average volume...however, i do feel they're going to get taken out tomorrow and will be forced to take down their sell orders...so long as the supply is restricted and demand kicks in from the sidelines, i see polymet testing old highs sooner rather than later...