Polymet Mining Corp (PLM): Bruce Richardson recently worked on the...

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waterfrozen

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Friday, 04/21/2017 11:56:46 AM

Friday, April 21, 2017 11:56:46 AM

Bruce Richardson recently worked on the Dodge-Safford project in AZ. Its interesting to read about it and see that they were accused of undervaluing the land in their swap with the BLM. The mine, being in AZ, progressed a lot faster due to more friendly regulations.

http://www.hcn.org/issues/267/14526

Freeport acquired this mine and ultimately the Dodge Phelps company in 2006 after permitting was complete.

http://www.foxnews.com/story/2006/11/20/freeport-mcmoran-acquires-phelps-dodge-becomes-world-largest-publicly-traded.html

Dodge was trading at nearly 96.00 per share and the shareholders were bought out for around 133.00 per share in cash and stock of FCX.

The dodge mine seems quite a bit bigger than PLM--by over 3X? Copper appears to have been trading around 2.5-3.00 as well similar to now. Again, always looking for similar projects based upon common players.