Polymet Mining Corp (PLM)

[Galingale]

I think that, from a day trading perspective and in the nearer term, I largely agree with your analysis. However, I am not quite sure that Polymet should be deemed a marginal project in the longer term, albeit months turn into years with this project! The current permitting constraint of 31k t/d does not reflect the potential and the technical 43-101 also showed IRRs of 50k and 118k t/d without any financial detail. Equally, the financial assessment at present levels I felt was somewhat incomplete. Yes, more permitting and probably more research drilling will be required to achieve those higher numbers, but the process will be much more rapid once the initial permitting is put to bed. I can only assume that Glencore are not still supporting the project because they see it as marginal and feel sure that international fund managers are merely waiting for the current hurdles to be overcome before making the sort of investments which will seriously propel the pps upwards. As it is, day traders make the play. As for stock manipulation, who knows? All I can say is that there have been some very strange trading patterns over the past couple of years.