Screw it, double down man.
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Healthy volume.
Don't know what's coming but I have a feeling it's coming soon.
DULUTH — The major party candidates for Minnesota’s 8th Congressional District seat went mining for votes over the past week.
Democratic U.S. Rep. Rick Nolan outlined his position on the prospect of bringing precious metal mining to the Iron Range.
As Nolan was hitting the range, Republican challenger Stewart Mills distanced himself from a fellow Republican candidate for federal office who had angered miners.
Earlier this month, Republican U.S. Senate candidate Mike McFadden drew the ire of Iron Range steelworkers unions when he explained he’d build a major federal pipeline project with Chinese steel if it were cheaper than American steel. McFadden is vying with incumbent Democrat Al Franken for the Senate seat.
“McFadden’s not recanting at all,” said John Dickinson, financial secretary of United Steelworkers Local 6115 in Virginia, Minn. “He wants the jobs but doesn’t care at what expense.”
Meanwhile, Mills has been courting the Iron Range. He denied that McFadden’s perceived faux pas is hurting his campaign’s efforts there.
“Our campaign is our campaign,” Mills said during an interview Thursday. “It’s not affiliated with anybody else’s campaign.”
In distancing himself from McFadden, Mills is putting at arm’s length a candidate with whom Mills has toured the district over the past year. When asked if he would use Chinese steel on something like Enbridge Energy’s proposed 616-mile Sandpiper project across Minnesota, from North Dakota to Superior, Wis., Mills was unequivocal.
“Absolutely not,” said the 42-year-old candidate. “First of all, they’re manipulating their currency. Second of all, it’s a communist country that is directly subsidizing their workforce. So how can you compete on a level playing field? Why would we ever want to reward them for cheating?”
Mills has come out in favor of PolyMet and other mining projects throughout his campaign, which began in 2013.
Nolan and other Democrats who are up for re-election, including Gov. Mark Dayton and Franken, have been more cautious as they await a completed environmental review of the proposed PolyMet project. The project would reopen on the former LTV Steel site in Hoyt Lakes. PolyMet has its name on an Adopt-A-Highway sign in the neighborhood of the proposed mine.
Nolan said in an Aug. 22 interview, “you can pin me down,” about mining deposits of copper, nickel and other precious metals on the Iron Range. Previously, Nolan had written a letter to a Department of Natural Resources official in the state that urged timely approval of the PolyMet project and the subsequent opening of the Duluth Complex – the name of the reserves of copper and nickel that have been described as some of the world’s largest such reserves.
“I support mining and I support that they have to be in full compliance with our environmental health and safety rules and regulations,” said Nolan, 70.
“Here’s the good news,” Nolan added. “Business and industry supports good environmental rules now. They don’t come at you and say, ‘If we have all these rules and regulations we’ll be put out of business.’ They don’t say that anymore. They say, ‘Tell us what the standards are and we’ll comply.’ ”
Nolan was quick to point out that his position risks putting him at odds with the environmentalists in the Democratic-Farmer-Labor Party. Green Party candidate Skip Sandman figures to be the beneficiary; Sandman opposes the sulfide mining that extracts copper, nickel and other metals.
“The Green Party candidate who’s not spending any money is getting 4 to 5 percent off my side of the ledger,” Nolan said.
But Nolan believes his support of mining with conditions approved by the federal Environmental Protection Agency, among other agencies, is the practical bridge his opponents won’t cross.
“You have the Green Party candidate who is opposed to mining on the one side,” Nolan said. “And we’ve had a half-dozen votes in the Congress with the Republicans trying to strip the EPA on anything having to do with a wide variety of things.”
Nolan said he grew up in a time of acid rain and polluted rivers and lakes catching fire. Practical controls like scrubbers on coal-fired power plants are the result of a “political will” he believes is necessary to have both mining and strong environmental rules and protections. Between his first congressional term, representing the state’s 6th District from 1969-71, and his current term, “I learned along the way you can do both,” he said.
“I like to tell my friends in the Twin Cities that nobody cares more about the great outdoors up here than we do,” Nolan said.
Mills said he was making headway on the Iron Range and believes he will continue to do so.
“(Because) every time we visit there,” Mills said, “our message suits them.”
Mills is vice president of Mills Fleet Farm, a family-owned company with more than 30 retail stores throughout Minnesota, Wisconsin and Iowa. He cited his family’s longtime work in the timber industry as common ground with the Iron Range’s miners. He said his great grandfather even mined iron on the southern edge of the Cuyuna Range in Crow Wing County.
“I’ve got iron ore in my blood,” Mills said, before explaining that he believes he has an earnest connection with the Iron Range.
“My great-great-grandfather came up from the cities in the 1870s to work in the timber industry,” Mills said at a café across from his campaign office in Brainerd. “Those folks came up to work in the mining industry. The fact they all came here in the last 1870s through 1900 to work in the natural resource industries, there’s a commonality. So it’s really easy to make connections with those people.”
Polymet Mining (NYSE:PLM) was the recipient of a significant growth in short interest in August. As of August 15th, there was short interest totalling 3,629,623 shares, a growth of 0.5% from the July 31st total of 3,647,280 shares, American Banking News.com reports. Based on an average trading volume of 137,086 shares, the days-to-cover ratio is presently 26.5 days. Currently, 1.9% of the shares of the stock are short sold.
A number of research firms have recently commented on PLM. Analysts at Paradigm Capital upgraded shares of Polymet Mining to a “buy” rating in a research note on Thursday, August 14th. Analysts at Roth Capital initiated coverage on shares of Polymet Mining in a research note on Tuesday, August 5th. They set a “buy” rating and a $2.25 price target on the stock.
Shares of Polymet Mining (NYSE:PLM) opened at 1.17 on Friday. Polymet Mining has a 52-week low of $0.67 and a 52-week high of $1.56. The stock’s 50-day moving average is $1.16 and its 200-day moving average is $1.2. The company’s market cap is $322.5 million.
PolyMet Mining Corp. (NYSE:PLM) is a development-stage company engaged in the exploration and development of natural resource properties.
If the NorthMet project is permitted and becomes operational, ore will be transferred from rail cars into crushers that were formerly used to crush iron ore at LTV. Once crushed to 0.5 inches, the ore will be ground in a rod and ball mill, reducing it to 120 microns—about the diameter of a human hair. Photo courtesy of PolyMet.
HOYT LAKES – Twenty-five long years ago, in 1989, PolyMet Mining leased NorthMet mineral rights from U.S. Steel. Today, the company is in the late stages of a comprehensive environmental review for their NorthMet project where they plan to mine copper, nickel and precious metals.
Public review of the Supplemental Draft Environmental Impact Statement (SDEIS) was held earlier this year and the public comment period closed on March 13, 2014. Over 50,000 comments were received.
The co-lead agencies (Minnesota DNR, U.S. Army Corp of Engineers, and U.S. Forest Service) are in the process of reviewing and responding to all comments received. Per that process, the draft document will be modified if needed, and ultimately a final Environmental Impact Statement (EIS) will be published for public review.
This process of analysis and revision takes many months. The co-lead agencies then will determine if the final EIS adequately evaluates the project and its likely environmental impacts. If the EIS is determined adequate the project may proceed to permit considerations and other approvals, which will specify conditions that must be met to protect the environment.
At this point, no regulatory decisions have been made on the NorthMet project. During the permitting phase, there will be additional opportunities for public review and input on specific permits and details.
Ultimately, PolyMet will be able to proceed with construction and operations only if all necessary permits are received.
Timeline for PolyMet’s NorthMet mining project
1989 PolyMet leases NorthMet mineral
rights from US Steel.
1990s Research begins, investigating the
use of alternative processing technology to process ore within the
Duluth Complex.
2000 PolyMet gains full rights to the
NorthMet deposit located within
the Duluth Complex and begins a
pre-feasibility study to advance the
NorthMet project.
2004 PolyMet begins environmental
review process.
2005 PolyMet acquires the Erie Plant,
located six miles west of the North-
Met deposit.
2006 PolyMet’s shares are listed on the
American (now NYSE MKT) stock
exchange. Bateman Engineering
publishes NorthMet Definitive
Feasibility Study. PolyMet acquires
infrastructure, property and associated rights, linking the NorthMet
deposit and the Erie Plant.
2007 PolyMet’s shares are listed on the
Toronto Stock Exchange.
2008 PolyMet enters a strategic marketing and financial agreement with
Glencore International, one of the
world’s leading integrated producers and marketers of commodities.
2010 Draft Environmental Impact Statement goes on public notice.
2012 Jon Cherry, an environmental
engineer with a strong track record
of mine permitting in the United
States, is appointed president and
chief executive officer.
Timeline for environmental review and permitting status
Mar. 2004 Environmental Assessment Worksheet (EAW)
PolyMet works with the Minnesota Department of Natural Resources (state lead agency) and the U.S. Army Corps of Engineers (federal lead agency) to develop an EAW, a document designed to gather and disclose information about a proposed project, identify potential environmental effect and determine what issues and alternatives will be addressed.
July 2005 EAW Public Comment Stage
During a 30-day period, the public reviews the Environmental Assessment Worksheet, asks questions, and identifies any issues they feel have been overlooked.
Oct. 2005 Final Scoping Decision
Taking public comments into consideration, the Minnesota DNR and USACE develops a Final Scoping Decision, which provides the blueprint for preparing the Environmental Impact Statement.
Oct. 2009 Draft Environmental Impact Statement (DEIS)
The Minnesota DNR and USACE prepares a joint DEIS that analyzes in great detail potential environmental and socioeconomic impacts of the proposed North- Met project.
Nov. ’09-Feb. ’10 DEIS Public Comment Stage
The public reviews the Draft Environmental Impact Statement, asks questions, and identifies any significant issues they feel have been overlooked.
Feb. 2010 U.S. EPA Gives Draft EIS an EU3 Rating
The U.S. Environmental Protection Agency rates the EIS as EU3 – Environmentally Unsatisfactory – and recommends that additional information, alternatives and mitigation measures be evaluated and made available for public comment in a revised or supplemental EIS.
Oct. 2010 U.S. Forest Service Becomes Federal Co-Lead Agency
The U.S. Forest Service – Superior National Forest joins the environmental review process as the co-lead federal agency with USACE and as the decision maker on a proposed land exchange. Because the NorthMet project involves federally owned land, the USFS and PolyMet have proposed a land exchange that would unite surface ownership and mineral rights in the area to be mined by PolyMet. PolyMet would provide private exchange lands of high recreational and wetland value to the USFS to improve public access, reduce boundary lines, and promote consolidation of USFS lands.
2010-2013 Supplemental Draft Environmental Impact Statement (SDEIS)
The Minnesota DNR, USACE and USFS serve as the co-lead agencies, and the Environmental Protection Agency and local tribal bands serve as cooperating agencies in preparing a SDEIS. Expanding on the existing DEIS, this document:
Reflects comments received from the public and government agencies during the DEIS comment stage.
Integrates key project improvements, modifications, alternatives and mitigation measures to minimize environmental impacts.
Incorporates the proposed land exchange between the USFS and PolyMet Mining.
Dec. ’13-Mar. ’14 SDEIS Public Comment Period
The co-lead agencies publish the Supplemental Draft EIS (available on the Minnesota Department of Natural Resources
website) and the document undergoes public review. The DNR hosts well-attended public comment meetings in Duluth, Aurora and St. Paul.
Dec. 13, 2013 USACE Publishes Polymet Application for The Clean Water Act Section 404 Permit (Federal Wetlands Permit)
The application undergoes public review and comment concurrent with the review of the SDEIS. This key federal permit covers mitigation and replacement of wetlands that will be affected by the project and ensures there will be no net loss of wetlands because of the project.
Mar. 13, 2014 U.S. EPA Issues EC2 Rating for SDEIS
The U.S. EPA rates the SDEIS as EC2 – Environmental Concerns – among the highest ratings a project such as this can receive from the EPA, and expresses appreciation for considerable improvements made to the document since the original 2009 draft.
On-going Final Environmental Impact Statement
The Minnesota DNR, USACE, and USFS reviews and responds to public comments on the SDEIS. After making any appropriate changes, the federal and state regulatory agencies release the Final Environmental Impact Statement (FEIS) for public comment. Final regulatory decisions cannot be made until after environmental review is completed.
Te next announcement will be late sept IMO. Press release said there is 25% left of the next project.
I'll wait for the next announcement hopefully sometime in sept. If it's nothing substantial I will reassess my position.
All in all positive news. Keeping a revenue generating asset and getting out if the troubled MMJ sector. Refocusing on the main projects in the pipeline will be better for the company's future and investors.
Senator Franken visits MinnTac, shows support for PolyMet mine
August 26, 2014
Updated Aug 26, 2014 at 6:31 PM CDT
Duluth, MN (NNCNOW.com)--- US Senator Al Franken spent time on the Iron Range Tuesday touring MinnTac mine and pushing for more jobs at the Iron Range plant.
Senator Franken voiced his support for the expansion of MinnTac, which would add more jobs and keep the mine running another 16 years.
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The Senator said when he goes back to Washington, he will urge the Army Corps of Engineers and the EPA to issue the proper permits for the expansion.
He also threw his support behind the proposed Polymet project in Hoyt Lakes.
"I think almost every Minnesotan wants to work and make sure that the water doesn't get polluted and I've talked to Polymet so many times about this process and they agree that the process has improved and improved this project," said Senator Franken.
Senator Franken stressed officials need to be careful once they start copper nickel mining.
Written and posted to the web by Raeanna Marnati
rmarnati@kbjr.com
I would expect news in sept.
Ely’s mining history would awaken from a 47-year slumber under Twin Metals Minnesota’s $2.7 billion copper-nickel mining project that would create 850 jobs in the region.
There is no argument the minerals that lie below the Spruce Road will one day be mined and used for everything from cell phones to medical instruments to windmills. The only question is when this will happen.
Determining the when is like trying to win the lottery - there are many factors involved. Here are some of them:
1. Financial. Duluth Metals is now running the show at Twin Metals with a 60 percent ownership. Antofagasta, the big dog, has dropped down to a 40 percent stake and payment obligation. Can Duluth Metals pull together a financing plan to survive short term, and then a giant plan to build a $2.7 billion mining operation? Or is there another major player waiting to step in?
2. Technology/Environment. We have yet to hear anyone say they support this project no matter what the impact is to the environment. The question remains if there is technology available that can meet the state and federal requirements to build and operate the mining operation TMM proposes.
3. Political/Legal. PolyMet is the lead dog in the copper-nickel mining arena since it is closing in on getting permitted. But PolyMet seeks to build an open pit mine that will have no impact on the lightning rod known as the BWCA. Can TMM weather the political storm (most likely followed by multiple lawsuits) and get permitted?
4. Worldwide. The mineral resource Twin Metals seeks to mine is one of the largest in the world. But its value depends upon the price of copper, nickel and other minerals on the worldwide market. When copper prices began to shoot up in 2005, drilling in our area started to increase. Look at a chart of copper prices and you can follow Duluth Metals history. The company started when copper began its climb in 2005. When the price collapsed in 2009, so did Duluth Metals’ stock price. When copper shot back up in 2010, Antofagasta came on board with a $130 million investment in Twin Metals.
Should copper prices drop like a rock in a lake, companies like Duluth Metals will have a difficult time finding financing, especially for $2.7 billion. But if copper and the other minerals here increase in price, everything changes. And here’s a wild card: if the United States needs a certain mineral for defense purposes or for the national economy, all bets are off.
These are interesting times for Ely and its mining history. The Pioneer Mine closed on April 1, 1967 after producing 41 million tons of iron ore that helped to fight two world wars and build a nation. Could Twin Metals supply the needed minerals to fuel the economy of tomorrow?
Interesting times, indeed.
HOYT LAKES, Minn. – As it stands, the heart of the PolyMet Mining Corp.’s proposal is little more than a shell of abandoned buildings housing rusted machinery.
But the massive would-be copper-nickel mine on the Iron Range is already churning up the U.S. Senate race between Democratic Sen. Al Franken and his Republican challenger, businessman Mike McFadden. Both sides have seized on mining — the Iron Range’s industry and identity — and the right balance between jobs, the economy and the environment to galvanize voters.
Democrats and union leaders have pounced on comments McFadden made earlier this month, that he would opt for Chinese steel over U.S. steel to build the Keystone XL Pipeline if it were cheaper. That angered Minnesota miners, who’ve accused China and other countries of illegally “dumping” cheap steel in the United States.
Meanwhile, Republicans are capitalizing on the divide between Democratic environmentalists and laborers by decrying the amount of regulation the PolyMet project must undergo, including a final environmental impact study due for completion this fall.
On the day he toured PolyMet, McFadden pledged that “on Day 1” as a U.S. senator he would urge the Environmental Protection Agency and other federal regulators to expedite the yearslong project.
“We are standing at the doorstep of a new era on the Iron Range, and we need our regulators to work with these companies to bring jobs and economic opportunities to this region,” McFadden said. “Our state agencies are leaders in the area and more than equipped to handle this process. I respectfully request that Senator Franken stand with me.”
On a Minnesota State Fair visit Thursday, Franken defended the extended environmental review of the project, adding that it’s not within a U.S. senator’s purview to control the speed of how federal regulators do their jobs.
“I think virtually everyone in this state would like to see those jobs, would like to see those metals mined, but only if we protect the water. I think we can do both,” he said.
HOYT LAKES, Minn. – As it stands, the heart of the PolyMet Mining Corp.’s proposal is little more than a shell of abandoned buildings housing rusted machinery.
But the massive would-be copper-nickel mine on the Iron Range is already churning up the U.S. Senate race between Democratic Sen. Al Franken and his Republican challenger, businessman Mike McFadden. Both sides have seized on mining — the Iron Range’s industry and identity — and the right balance between jobs, the economy and the environment to galvanize voters.
Democrats and union leaders have pounced on comments McFadden made earlier this month, that he would opt for Chinese steel over U.S. steel to build the Keystone XL Pipeline if it were cheaper. That angered Minnesota miners, who’ve accused China and other countries of illegally “dumping” cheap steel in the United States.
Meanwhile, Republicans are capitalizing on the divide between Democratic environmentalists and laborers by decrying the amount of regulation the PolyMet project must undergo, including a final environmental impact study due for completion this fall.
On the day he toured PolyMet, McFadden pledged that “on Day 1” as a U.S. senator he would urge the Environmental Protection Agency and other federal regulators to expedite the yearslong project.
“We are standing at the doorstep of a new era on the Iron Range, and we need our regulators to work with these companies to bring jobs and economic opportunities to this region,” McFadden said. “Our state agencies are leaders in the area and more than equipped to handle this process. I respectfully request that Senator Franken stand with me.”
On a Minnesota State Fair visit Thursday, Franken defended the extended environmental review of the project, adding that it’s not within a U.S. senator’s purview to control the speed of how federal regulators do their jobs.
“I think virtually everyone in this state would like to see those jobs, would like to see those metals mined, but only if we protect the water. I think we can do both,” he said.
Just a few miles from PolyMet, the mine-centric politics are evident in a half-dozen yard placards planted below a sign welcoming visitors to Aurora. Amid signs that simply say, “We Support Mining,” another urges the ouster of DFL State Auditor Rebecca Otto, the lone Minnesota Executive Council member who cast a vote against leases to three mining companies to explore for and mine minerals. Others bear McFadden’s double M logo above the words “McFadden supports Chinese Steel.” Similar signs popped up in the region the day the candidate visited PolyMet.
There were no Franken placards beneath the Aurora sign.
‘Big issue, but not only issue’
A fourth-generation miner, LaTisha Gietzen speaks with as much enthusiasm about how PolyMet’s mine will function as she does about its role in resurrecting the Iron Range’s economy. With the opening of its precious metals mine, PolyMet has pledged to invest $650 million and create up to 360 jobs, with an additional $500 million a year over 20 years.
Hours before McFadden’s visit, Gietzen, PolyMet’s director of public and government affairs, showed a reporter and photographer around the long-closed LTV taconite mine that PolyMet would like to revive.
Press and politicians are always welcome to tour the place, she said — but not at the same time. It just doesn’t look good.
“For us it’s not about politics. We’ll talk to anybody and everybody, but we are not gonna make it a stump speech,” Gietzen said. “We’ve been consistent in my seven years here that it’s not a campaign; there’s no good to come of it and there’s no reason. It doesn’t matter what party or who it is.”
Days after he stood front and center at a news conference surrounded by Iron Range politicians and labor leaders to criticize McFadden’s Chinese steel comments, DFL state Rep. Jason Metsa settled down in a Virginia bar to talk strategy. Metsa is confident that the ideology on the Range tilts toward Franken. It’s just a matter of action.
“It’s pretty clear that Republicans are going to go out and have their base come out, like they do, a little stronger than ours, typically,” Metsa said. “We have a lot of drop-offs after a presidential year. We’re going to focus on getting those people out and reminding them that voting is not every four years.”
Metsa said the party still bears some trauma from longtime Democratic U.S. Rep. Jim Oberstar’s 2010 loss to Republican Chip Cravaack, despite the recovery of the seat by Democrat Rick Nolan two years later. Nolan also faces a close race from challenger Stewart Mills, a race both sides are watching closely.
Metsa called PolyMet “a big issue, but not the only issue.”
“The rhetoric about mining being the only issue up here is far from the truth,” Metsa said, adding that Franken’s track record among Rangers is solid. He backed a bill requiring the use of U.S. steel in building Keystone XL unless it increased the cost of the project by more than 25 percent. It’s votes like that, he said, that will safely give Franken the 51 percent he needs — as long as voters turn out.
In 2008, Franken edge
At St. Louis County’s Republican Headquarters in Virginia, Chair Ron Britton wears an LTV jacket embroidered with the United Steelworkers logo. A retired laborer, he said blind union allegiance to Democratic causes will result in backlash because of environmental regulations placed on the mines.
“Every time you turn around somebody is going to move us out of here,” Britton said. “This could be the area that makes or breaks us. We know it’s a big thing. We also know the regulations not only on Polymet, but on all the other mines, is going to kill mining.”
Sixty miles south, at the Duluth AFL-CIO offices, President Dan O’Neill watched as two dozen union members from throughout northeast Minnesota finished “campaign school,” a daylong class training them how to get their candidates elected. The visceral reaction of union members to McFadden’s steel comments isn’t simply political, he said.
“You want to buy cheap steel? There are jobs that are gonna be lost because of it,” he said. “Who in their right minds would think like that when you’re going to try to represent all of your constituents in the state of Minnesota? To me, that’s a crazy thought.”
As much as he may disagree with McFadden, O’Neill isn’t ignoring his chances.
“It’s not a shoo-in anymore. We don’t take anything for granted.”
Abby Simons • 651-925-5043
DULUTH, Minn. (NNCNOW.com) --- U.S. Senator Al Franken's Republican opponent says Iron Rangers deserve an answer on Polymet.
If elected, Mike McFadden says on day one he will send a letter to the EPA demanding federal agencies stop putting up road blocks preventing Polymet from opening.
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McFadden says he wants Minnesota agencies to be solely responsible for the permitting process of copper nickel mining projects like Polymet.
After a tour of Polymet this week, McFadden claimed Senator Franken has not done nearly enough to further Iron Range mining initiatives.
"What I think everyone in this state deserves, especially the good people on the Iron Range, is a decision," Mcfadden said Friday. "We are Minnesotans, we are responsible people, we want to do things in a responsible way. The fact, though, that this has taken eight years and $200 million being spent and there is still not an answer is unacceptable."
McFadden challenged Senator Franken to six debates before the November election.
Franken has only agreed to three of the debates, including one in Duluth.
It's legit, but yes, slow without pumpers. A few folks running it down to get cheap shares.
Didn't happen. So much for your prediction.
Looking to break 1.26
Polymet Mining (NYSE:PLM) was upgraded by equities research analysts at Paradigm Capital to a “buy” rating in a research note issued to investors on Thursday.
Polymet Mining (NYSE:PLM) traded up 2.46% on Thursday, hitting $1.25. The stock had a trading volume of 226,121 shares. Polymet Mining has a one year low of $0.67 and a one year high of $1.56. The stock’s 50-day moving average is $1.13 and its 200-day moving average is $1.1. The company’s market cap is $344.6 million. Polymet Mining also saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 3,647,280 shares, an increase of 0.2% from the July 15th total of 3,639,784 shares. Based on an average trading volume of 205,268 shares, the short-interest ratio is presently 17.8 days. Approximately 1.9% of the shares of the stock are short sold.
Separately, analysts at Roth Capital initiated coverage on shares of Polymet Mining in a research note on Tuesday, August 5th. They set a “buy” rating and a $2.25 price target on the stock.
PolyMet Mining Corp. (NYSE:PLM) is a development-stage company engaged in the exploration and development of natural resource properties.
Investment opportunity,
http://m.startribune.com/?id=270255591
Unbelievable.
He said he would approve both the PolyMet Mining Corp.’s proposal to extract copper and nickel from the long-closed LTV mine in Hoyt Lakes and the Sandpiper Pipeline, a $2.6 billion project to carry North Dakota crude oil across northern Minnesota into Wisconsin.
http://m.startribune.com/?id=269916811
Everything is as advertised. Lots of false accusations are occurring here. The news is ligit, the company is ligit.
IMO, FEIS published mid Sept.
Sweet, thanks
It's starting to set in. Mining is MN. The new way of productive mines will start to roll in and investors will follow.
Can someone update the DD notes with the new press that has come out.
I'm sure there is more news to come, it would be great to see this edge up until then.
I've been accumulating since January. If your not in yet, this is probably the lowest point for quite sometime. Lots of projects in the pipeline. This will be a debt free company in no time.
Very promising!
Dear Investors,
Today the company has put out an announcement which highlights our pending sale of MyMobiPoints.com
We feel that divesting this asset is the best course of action at this time as we will reduce our ongoing expenditures
while at the same time almost doubling the value of our assets on the balance sheet. Currently, MyMobiPoints.com
sits as an intangible asset which depreciates in value each quarter as it is a tech asset with a certain shelf life which
is determined by our auditors based on certain industry metrics they use to make these calculations. Our sale will
turn this intangible asset into both cash and stock which will represent stronger financial assets for the company.
We are moving forward towards eliminating debt, and strengthening our balance sheet like we have mentioned before
on several occasions. Our short term goal is to have a clean company with zero debt and over $600,000 in solid assets,
not to mention the future innovations we plan to bring forward.
If you haven't already read today's news, it could be found here at the Wall St. Journal:
http://online.wsj.com/article/PR-CO-20140730-908330.html
We will be making further announcements as investors and traders begin to return to the workstations over the next several weeks, and heading into September.
We would like to thank our supporters for their continued patience as the company continues to move forward through each of these challenges. Currently we are working on our 10K filing, and several other transactions. As previously stated we are working on several key developments that will shape the face of the
company down the road.
Thank-you for your continued support in Myriad.
Just buy the ask. Gobble them up. Most here are sticking around for a while.