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I did not have the link.
I copied the twin cites date and time and got the this link.
https://en-us.fievent.com/e/twin-cities-u-s-forest-service-listening-session/9627487?force_subdomain=true
They are having public meeting on land exchanges. You know the other side will be there in small numbers trying to look big! The iron range needs to come out in droves of buses and union buses!!!!
Listening Session - Twin Cities »
Tuesday, July 18, 2017
Saint Paul RiverCentre, Exhibit Hall A
5:00 p.m. - 7:30 p.m. (Doors open at 4:30 p.m.)
Listening Session - Virginia, Minnesota »
Tuesday, July 25, 2017
Virginia High School Auditorium
5:00 p.m. - 7:30 p.m. (doors open at 4:30 p.m.)
I wish I could help you with tracking trades. I can only follow the movements in trends following the stock!
Don't look here there is Nothing is going on up north?
Executive Council Approves Lease Amendments for Mesabi Metallics site
On June 19, 2017, the Minnesota State Executive Council approved the modification of 32 taconite ore leases held by Mesabi Metallics Company, LLC (formerly held by Essar Steel Minnesota, LLC). The lease amendments reflect the terms that were approved in federal bankruptcy court on June 13, 2016 and supported by the Department of Natural Resources and the buyer of the Mesabi Metallics assets, Chippewa Capital Partners, LLC. The terms are captured in a Master Lease Agreement. Key provisions and requirements include:
• Obtaining full financing of the project by August 31, 2017
• Completing pellet plant construction by the end of 2019
• Completing value added iron ore facility construction by the end of 2021
• Minimum royalty payments and other economic requirements designed to ensure completion of value added production at the site
• Adjustments to the royalty calculation method to minimize the State’s risk during down cycles in iron ore markets
The modified mineral leases represent a proactive effort by the State to ensure construction of a new value added iron ore facility in Minnesota, which was the goal of the original Essar project.
Wow if that is true? There would be huge lawsuits from investors! If that was hidden from the people who sacrificed there life saving to support Polymet for ten years.
That is a great article, my search engine did not pick it up!
Thanks!
My confidence went to the high 90% in 2014.
Please send me the link for JR mining in MN.
In 2012-2013 China and India bought over 40,000 acres of tax
foreclosure property in the iron range! Can you give the update on how many acres they have total to date.
As for Cobalt I think I've seen the subject come up, but it was low-key in the the subject matter!
I agree Copper is the Trojan horse the real treasure is what is hiding inside that nobody is talking about, but to be fair one of the DNR geologist wrote a article on Copper saying with the new world demand Copper would be the new PGM. You can see what has happen to Cobalt.
Mining is the new green sustainable investment, because of the use of PGMs in electric cars, pollution controls, and renewable energy.
That is IMHO
Thanks Trumpcard!!!
It looks like we are on the same target!
I hope you are right!
I would start paying attention to the GoPolymet. We are so close to the land exchange lawsuits ending, and the financial assurance being approved our best news source will probably be on polymet sight!
http://gopolymet.com/news/four-reasons/
Good luck!
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Remember when I said keep a eye on NASA space travel in the near future for PGMs.
Artist’s impression of NASA’s Space Launch System during takeoff, with the Orion spacecraft riding on top. A test flight of SLS, which will send Orion around the moon and back, is expected to take place in 2019.
NASA
SPACE
Electric-Powered Lunar Space Tug Could Facilitate Future Moon Missions
To make moon flights cheaper, a new paper proposes that NASA use an electrically powered lunar space tug that would operate between Earth and the moon.
BY ELIZABETH HOWELL JUNE 14, 2017 11:25 AM EDT
As NASA considers sending astronauts deeper into the solar system, one major barrier will be cost. Launching cargo from Earth is expensive, which is why the Apollo program that brought crews to the moon in the 1960s and 1970s cost the equivalent of $109 billion in 2010 dollars.
To make moon flights cheaper, a new paper proposes using an electrically powered lunar space tug that would operate between Earth and the moon, carrying logistics modules with supplies for a lunar space station. The research was recently published in Acta Astronautica.
This is a different vision from NASA’s present plans for lunar exploration. The space agency is hoping to resume missions to the moon in the near future using its new Space Launch System, a rocket that is capable of bringing humans to the moon or other places outside of Earth orbit. (The rocket hasn’t been tested yet, but is expected to send an uncrewed Orion spacecraft around the moon in 2019.) In later decades, NASA tentatively proposes developing a Deep Space Gateway — a space station around the moon that could serve as a base for missions to the moon, Mars, or other distant destinations.
A conceptual design for the tug is being studied by Italy’s Polytechnic University of Turin and Thales Alenia, an aerospace company that built several modules for the International Space Station, such as the Cupola that is used for Earth observations, or the Columbus science laboratory. The work is led by mechanical and aerospace engineering Ph.D. student Martina Mammarella.
RELATED: NASA’s GPS-Like Deep Space Navigation Experiment Set to Launch on SpaceX Rocket
“When I started my Ph.D. two years ago, I was interested in the development of the future space station in the cislunar environment,” Mammarella told Seeker in an e-mail, referring to the environment around the moon. “Then, analyzing the mission scenario and all the elements involved in it, we came out with the idea to study in deep the concept of a sustainable transportation system, equipped with electric propulsion.”
A picture of Earth taken during one of the crewed Apollo missions, a NASA program which ran trips to the moon between 1968 and 1972. The next generation of moon missions could employ a lunar space tug, according to a new paper.
NASA
The space tug would fly for several missions between our planet and the moon, serving as a reusable transportation system. To keep it going, fuel will be needed from a future fuel depot in low Earth orbit, and maintenance would be performed by astronauts at the moon and (if it still exists) the International Space Station, which at the moment is expected to be retired in 2024.
Mammarella said the tug’s big advantage comes from using electric propulsion, specifically from a type known as Hall Effect Thrusters. These kinds of thrusters transform neutral atoms into propellant using electric and magnetic fields. The propellant is made up of charged atoms that are called ions. The ions are then boosted to give the spacecraft thrust. Examples of electrically powered spacecraft currently in use include NASA’s Dawn spacecraft (which explored Ceres and Vesta) and Japan’s Hayabusa 2 (which is on its way to asteroid 1999 JU3).
RELATED: Hibernation for Deep Space Exploration Could Happen Sooner Than You Imagined
Compared with traditional chemical propulsion, Mammarella said, the Lunar Space Tug’s electric propulsion would save fuel and also have fewer energy limitations. The tradeoff is that this kind of propulsion generally takes longer to bring spacecraft from place to place, as its thrust is low. Mammarella pointed out there is no particular hurry to move the cargo since the spacecraft is uncrewed, meaning there is no urgency in terms of the consumables humans need, such as oxygen or water.
SLS-Orion, by contrast, “adopts chemical propulsion and the development cost of both the system is very high, mainly because the launch vehicle,” Mammaralla said. “On the other hand, the LST is able to transfer the same habitat module and it is designed considering the adoption and support of existing ground and launch infrastructures. It can be launched using the actual launchers available, reducing the development cost for the new concept. It means transferring an habitat module from Earth to the cislunar station should cost less, even if the transfer duration is much longer.”
The researchers plan a second phase of the project to improve the performance of the space tug, mainly by reducing the transfer time and the fuel performance. The team also plans to do an analysis of the best transfer trajectories, and the best ways for the tug to reach the station.
“Further analyses will consider in detail also fuel and maintenance operations,” Mammaralla said, “and all the technical implication of adopting electric propulsion.”
It sound like Mr. Cherry will bring Polymet to its full completion!
http://www.businesswire.com/news/home/20170615006279/en/PolyMet-Strengthens-Finance-Team-Patrick-Keenan-Appointed
Rio Tinto
Is there a pattern here?
Greg
I would not have never got fully invested in Polymet, because I never believed PGM would ever happen here in Minnesota until I saw that article 9-6-2012. As you are seeing a few posters on this board have been very accurate and sending supportive research to confirming other posters research. I'm very proud to be on this board the amount of support and and encouragement we all receive and respect for all posters and no belittling of indivual so who are watching and learning on our board!
I understand your pain after ten years of waiting. I personally would be bald by now with all that stress!
As my mom would always say it's always dark before the dawn.
Get ready for the for the new dawn of polymet!
As I have said a couple of times before the next eight years we are going to see more technology then we have seen in the last fifty years! And Minnesota is going to lead the way!!!
Project 400
http://www.dnr.state.mn.us/lands_minerals/mpes_projects/project400.html
Have you ever noticed how politicians campaign on what they believe during a campaigning year, and overtime they move there beliefs in a different direction in contrary to the original belief they had! They refer the change as I now have a better understanding of the matter. I call the change "inoculation" a series of shots to strengthen your immunity over time, but they all make very small changes in the narrative over years so nobody notices the changes until they get what they want, then you say what happen they never said that when I voted for them. Think back how many time have you said to your self!
Here is a home work project!
In 2013 I found a article Sept 6, 2012 in a small town article up north were Governor Dayton, Amy Klobushar and Al Franken change their mind on mining. Since then I have not been able to track that article down again, but until then they were 100% against mining PGMs in Minnesota.
Please let me know if you find that article. The link is gone now!
Because of there narrative change back in 2014!
Yes E-bo
I like your style!
Of all these mirrored copy lawsuits, this is what caught my eye as the most important part of the suite.
7. Although the undersigned counsel consulted with Plaintiff’s counsel Paula Maccabee, and offered that the Forest Service would refrain from (a) signing any Exchange Agreement until June 1 or until the Court rules on Plaintiff’s motion, whichever is sooner, and from (b) making or allowing any ground-disturbing land management changes until the Court rules on the motion, Ms. Maccabee did not agree to the request for additional time.
IMHO
Greg go on there sights you will see no blow back on mining!
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I have a hard time believing.
Mr.Cherry will leave this cash cow!
The next eight years in mining will be incredible!
http://www.mining.com/top-40-miners-returned-profit-2016-pwc/
Glencore gate crashes Yancoal's plans to buy up NSW coal assets
http://www.smh.com.au/business/mining-and-resources/glencore-gate-crashes-yancoals-plans-to-buy-up-nsw-coal-assets-20170610-gwoqya.html
Let's try this with my glasses on!
With our political inviroment, they would have to wait until clean mining is proven to work before the take over, because of Glencores history!
With our political inviroment, thy would have to wait until clean miming is proven to work, it's Glencores history!
Media releases
Regulatory news & filings
Rio Tinto acknowledges that it has received a proposal from Glencore to acquire Rio Tinto's wholly-owned Australian subsidiary, Coal & Allied Industries Limited.
The Rio Tinto board and management will give the proposal appropriate consideration and respond in due course.
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I'm starting to see a pattern now!
Another Mr. Cherry's home run. Soon this will be coming our way!
http://www.miningjournal.net/news/front-page-news/2017/03/eagle-mine-requests-approval-to-mine-new-deposit/
Question for the day?
Between 2012-2013 how many acres did China and India purchase of tax foreclosure property from the state of Minnesota!
HIGHLIGHTS OF FISCAL 2017 AND FISCAL 2018 TO-DATE
On March 3, 2016, the state determined that the Final Environmental Impact Statement addresses the objectives defined in the EIS scoping review, meets procedural requirements and responds appropriately to public comments. The 30-day period allowed by law to challenge the state’s decision passed without any legal challenge being filed. The Final EIS demonstrates that the NorthMet Project can be constructed and operated in compliance with environmental and human health standards.
On June 2, 2016, the Company agreed to issue up to an additional $14.0 million secured non-convertible debentures to Glencore AG, a wholly owned subsidiary of Glencore plc (together “Glencore”), to fund permitting and general corporate purposes. The debentures are on similar terms as the existing non-convertible senior secured debentures.
On July 1, 2016, the Company repaid the $4.0 million initial principal loan from the Iron Range Resources and Rehabilitation Board.
On July 11, 2016, the Company submitted applications for water-related permits required to construct and operate NorthMet.
On August 2, 2016, the Company renewed its request for Water Quality Certification under Section 401 of the Clean Water Act.
On August 24, 2016, the Company submitted the air quality permit application required to construct and operate NorthMet.
In October 2016, the Company closed, in two tranches, a private placement of 40,074,418 units for gross proceeds of $30.055 million which included pro rata participation by Glencore.
On November 3, 2016, the Company submitted the Permit to Mine application required to construct and operate NorthMet.
On December 15, 2016, the Company received the American Exploration and Mining Association’s Environmental Excellence Award for its responsible development of the NorthMet Project.
On December 20, 2016, the Memorandum of Agreement of the Section 106 Consultation under the National Historic Preservation Act was signed by the statutory parties.
On January 9, 2017, the USFS issued its Final Record of Decision authorizing the land exchange.
Loss for the three months ended April 30, 2017, was $3.225 million compared with $2.352 million for the prior year period. General and administrative expenses for the three months ended April 30, 2017, excluding non-cash share-based compensation, were $1.128 million compared with $1.213 million for the prior year period. Other expenses were $1.957 million, including a one-time non-cash loss of $1.324 million on the disposal of wetland credit intangibles, compared with $0.512 million for the prior year period.
At April 30, 2017, PolyMet had cash of $11.865 million compared with $18.674 million at January 31, 2017. The Company is in discussion with Glencore regarding the convertible and non-convertible senior secured debentures currently due to be repaid upon the earlier of availability of construction finance or March 31, 2018.
PolyMet invested $4.937 million cash into its NorthMet Project during the three months ended April 30, 2017, compared with $6.868 million in the prior year period.
As of April 30, 2017, PolyMet had spent $121.547 million on environmental review and permitting, of which $115.096 million has been spent since the NorthMet Project moved from exploration to development stage.
GOALS AND OBJECTIVES FOR THE NEXT TWELVE MONTHS
The environmental review and permitting process is managed by the regulatory agencies and, therefore, timelines are not within PolyMet’s control. Given these circumstances, PolyMet’s objectives include:
Completing the approved land exchange with the USFS and transferring of title to the surface rights over and around the NorthMet mineral rights to PolyMet.
Obtaining a decision by the state on 401 Water Quality Certification and U.S. Army Corps of Engineers Final ROD and 404 wetlands permit under the Clean Water Act.
Publication of draft state permits (Permit to Mine, air, water, dam safety and water appropriation permits) for public comment.
Decisions on state permit issuances.
Completion of definitive cost estimate and project update following permits.
Completion of project implementation plan.
Repayment, restructuring, and/or conversion of Glencore loans.
Completion of construction finance plan including commitment of debt prior to the issuance of permits, subject to typical conditions precedent such as receipt of key permits.
“The state continues its careful and thorough review of the permit applications PolyMet has submitted,” said Jon Cherry, president and CEO. “In addition to responding to technical questions from the state and federal agencies about the permit applications, we are focused on conducting pre-construction engineering.”
More detail on the status of permit review can be found at: http://polymet.mn.gov/news.html.
Yep mining is dead in Minnesota. I give up they are taking all our money!
minnesota department of natural resources
Nonferrous Metallic Minerals Lease Sale Bid Results
June 9, 2017
The Minnesota Department of Natural Resources held its 35th non-ferrous metallic minerals lease sale on June 9, 2017. Five companies submitted bids on mining units in Beltrami, Itasca, Koochiching, Lake of the Woods and St. Louis Counties. Of the 195,324 acres offered for lease, 112,585 received bids. A list of the companies, the mining units bid upon and the amount of each bid is posted on the DNR’s website:
Metallic Minerals Lease Sale
Following its review of the bids and bidder qualifications, the DNR will prepare a report and recommendation to the State’s Executive Council about the leases. The State’s Executive Council, comprised of the Governor, Lieutenant Governor, Attorney General, Secretary of State and State Auditor, will decide whether to approve the leases. The DNR expects to bring the leases to the Executive Council for consideration at its meeting on September 8, 2017, at 10:00 a.m. in Room G23 Senate Committee Room, State Capitol, 75 Rev. Dr. Martin Luther King Jr. Boulevard, St. Paul, MN.
The DNR is accepting written comments from the public specific to the bidders and properties bid upon until 4:30 p.m. on July 10, 2017. Comments may be submitted by e-mail to MMLeaseSale.dnr@state.mn.us or may be mailed to:
MM Lease Sale
DNR Division of Lands and Minerals
500 Lafayette Road
St. Paul, MN 55155-4045
Any comments received from members of the public are classified as public data.
learn more
minnesota department of natural resources
Minnesota Department of Natural Resources | mndnr.gov
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I've posted the link to home town news on the link shows the PGM minerals vein RIO has About 87 billion $ in copper. LTV plant has trillions of $ of PGMs they will process from 5 states and Polymet will be the only game in town!
This is not Twin Metals! I believe that if they did that the lawsuits would come out and expose them, if anything they did incorrectly to strip the share holders of there investments.
Rio Tinto
RIO
Mr. Cherry
Developed Rio Tinto for 27 years, with just 100th of a percent of what The LTV plant will produce in its lifetime. Complaints on the stock price seems to be the flavor this month on the board. The discussion has changed from developing information on Polymet to pps pricing. With what we have seen with NAK we all should realize there is a hi probably the same thing will happen to PLM.
I think we should follow RIO for future value per share long term.
Rio Tinto
RIO
$41.81 a Share
Your on fire!
Take a look at Virginia town hall meeting with Gov Dayton in January 2014. The citizens major complaint was about the road up there has been just patch up for fifteen years, and by July the road was redone completely new!
I've never seen a DOT project move that fast!!!
E-bo this post is not Gold!
You have moved into the Platinum level!!!
Next level is Not a PGM its Diamond
Great information Pal.
Thank you Zenner
You proved my point!
Mr. Cherry’s career has spanned more than 27 years in the industry with more than 20 of those years with Rio Tinto where he worked in a number of positions, including general manager, where he was responsible for permitting and the initial development of the Eagle Mine in Michigan’s Upper Peninsula. His previous position was vice president with Rio Tinto, responsible for strategic direction in environmental permitting and compliance, legal matters, and external relations associated to mine development of the Resolution Copper project in Arizona.
Where do you think? He will go this time!
Jon Cherry only mention once that Polymet is a Jr. mining company in a small article, but every time I have seen him speak he says he wants to bring Polymet to the full market. " the value is in the ground" How many times has he brought a mine through the regulatory process to the finish line? Then he has to start all over again on a new ten year mining project. In the mining industry he has a good reputation of getting mining company's through all the processes, but this is different! You could call it the perfect storm, with the LTV plant, and five states that have a massive amounts of minerals and which could be the worlds largest discovery! At this point I would be tired of the process, and I would want to develop a name for myself in the industry, and bring Polymet directly to the market( great resume enhancer).
This is what my research is showing me the direction of Polymet is going, but of course I could be wrong. Then I could also be right too!
IMHO
For over the last ten years I've been watching-all the private and state investments quietly being prepared, without any fanfare from 2006 forward to today's date. Here is today's quiz question for the day? What part of the state has more fiber optics the Twin Cities or Iron Range! You asked a question about what the highest value of Polymet's stock price in the near future would be. It's a lot higher then anybody on this board thinks!
https://www.scribd.com/mobile/document/270511/Northeast-Minnesota-Hwy-169-Housing-Readiness-Planning
A similar scenario is going on in the far east Iron Range near Hoyt Lakes and Babbitt.
Mesabi Nugget a direct reduced iron nugget plant began renovation and construction in
late winter 2007 and is working on the final details for its total capitalization of around
$200 million. That project will need 400 temporary construction workers and will
eventually add 100 permanent jobs as the plant becomes operational in 2010. Adjacent
to Mesabi Nugget is the proposed PolyMet project a non-ferrous minerals mining
company that would mine and process copper-nickel and other precious metals
We are all going threw similar investment pains as NAK! It's time to stop the whining.
http://www.savebristolbay.org/in-the-news/2016/8/17/northern-dynasty-minerals-nak-looming-dilution-potential-6-more-downside-risks
NAK had a moral victory with the stock up 0.67%.
Myself and the board members believe this will go much higher then NAK