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


To: James D. who wrote (651)5/13/1999 3:31:00 PM
From: Shaun M. Dykes  Read Replies (2) | Respond to of 708
 
Hi. Just a comment on Dean's costs. Its not the cost of getting rock into the concentrate thats critical, as the concentrate is produced by standard flotatation methods, look in any standard flotation mill and you'll find the costs for this. The main determinant in whether this will make a mine is the capital and operating cost of recovering metals from the concentrate. Costs for producing the concentrate, mining etc will be similar to the large copper open pits around the world. The difference lies in what additional costs, over the normal methods,are incurred in recovering the variety of metals contained in the concentrate. Thats what I'm waiting to see.



To: James D. who wrote (651)5/13/1999 7:23:00 PM
From: dean poets  Respond to of 708
 
Just to clear up a few things, I don't own this stock, I don't want to own it, and I'm not pissed I didn't get any below a buck. I would hate to see innicent investors throw good money at what I consider a pathetic stock. Whether I'm right or wrong, only time will tell.

Another reason that I doubt this company, is that they will have one hell of a tough time finding some bank to lend them a billion dollars to set up the mine. Check out Cambior's billion dollar Copper property, average grades of 1% Copper. They have had to put the property on the back burner untill the prices of metals go up substantially!

Dean
PS. Feel free to throw your hard earned money to this crew it won't hurt my feelings.