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

To: mick who wrote (605)	1/28/1999 2:52:00 PM
From: Shaun M. Dykes	Read Replies (2) \| Respond to of 708

Hi. Read your numbers in your latest post. Just wanted to point something out. Cost to move waste in large pits is usually anywhere from 0.50 to $1/tonne. Total cost for a normal open pit copper operation is usually between U.S.$4 and $6.00. In Canada costs are around $5 to $6 cdn. The only added cost to Polymets property is the cost of treating the concentrate (bio-ox or pressure leach). Even at todays metal prices given a reasonable costs, $12 rock can still be mined for profit (1% cu is worth about $12). This is an excellent property with the only real risk being, what will be the cost and recoveries for processing the concentrate, not the rock. If people wish to confirm cost numbers, here's a internet site that has some free example cost models which list all costs associated with mines. minecost.com These models are for some of the large bulk tonnage deposits which have similar mining rates as what would be used at polymets property. Shaun.