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

To: Shaun M. Dykes who wrote (609)	1/28/1999 10:11:00 PM
From: G.T.	Read Replies (1) \| Respond to of 708

To All on the thread What may help everyone out is the average mine net backs over the past 10 years in Canada from the Canadian Mining Journal. Cu in copper concentrate 57% at .432% resource grade or 4.3lbs Cu net. Ni in nickel concentrate 86% at .109% resource grade or 1.8 lbs Ni net Pt in PGM concentrate 46% at .116g resource grade or .053g Pt net Pd in PGM concentrate 46% at .437g resource grade or .201g Pd net Ag in Cu concentrate 35% at 1.5g resource grade or .52g Ag net Cobalt concentrate 60% at .006% resource grade or 1/10 lb net Conventional NSR Cu 4.3 X .65 = $2.80 # # Ni 1.8 X 2.50 = $4.50 # # Pt .053g X 310 = $0.57 # # Pd .201g X 330 = $2.27 # # Ag .52g X 5.10 = $0.09 # # Co 1/10 X 12.5 = $1.25 Total NSR = $11.48 U.S. It is one thing to mine and mill a one or two element deposit. Copper for $6.00 per tonne or even Copper, gold deposits. It is quite another to mine a multi element deposit. Costs will be well over $10.00 U.S. per tonne to strip, blast, haul, crush, mill and recover to concentrate. The key to the whole project is the pressure leaching and recovery rates. On the companies information jacket the company states. " these forward looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward looking statements, including, without limitation,risks and uncertainties relating to geology, grade and continuity of mineral deposits or other unanticipated difficulties with or interruptions in production,unexpected costs and expenses, and other risks and uncertainties". Talk about covering all possibilities. Looks more like a pump and dump. One million flyer mail out over past few weeks. Far better companies out there for same price or less. My two cents worth

To: Shaun M. Dykes who wrote (609)	2/1/1999 2:12:00 PM
From: Mr Metals	Read Replies (2) \| Respond to of 708

WOW...$100 A SHARE????? Polymet Mining Corp - Taylor says Polymet potential enormous Polymet Mining Corp POM Shares issued 15,293,395 1999-01-29 close $2.52 Monday Feb 1 1999 Writing in the Jan. 5, 1999 edition of his Gold Resource & Environmental Stocks, Jay Taylor says Polymet shares have a shot at gaining 1,000 per cent or more over current price levels. At the time of publication Polymet closed at $1.40 and is one of Mr. Taylor's "Moon Shots". Polymet derives its name from its polymetallic Dunka Road deposit in Minnesota. Mr. Taylor writes that his "good friend Dennis Wheeler has observed that 'Dunka Road is bigger than Voisey Bay'." Mr. Taylor writes, "Choose any definition of 'World Class' you like, and Dunka Road fits that definition." Mr. Taylor calculates a possible 10 per cent discounted present value of $2.7-billion over the first 22 years of production and suggests the market will begin pricing Polymet in a range similar to those values. He notes that considerable risks remain, including risks associated with the complex metallurgy of the deposit, depressed metal prices, and insufficient financial resources. With a number of caveats, Mr. Taylor concludes that "it is possible that the market could value Polymet's main asset at between $37 and $111 per share." (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com MM