Polymet Mining Corp (PLM)

[Retiredceo]

This lawsuit is one issue of two issues holding the stock price down. The other one is the last remaining permit. I believe that permit is coming soon.

It appears to me that Gov Walz is going to support this. If he is than Strommen has to.

Financing is not an issue provided the deal is clean.

If there is a possibility of undoing the landswap, even if it’s a remote possibility, that’s serious. It could easily interfere with financing. That interferes with building the mine.

I see why they are doing it. I don’t think Pete Stauber has much hope to get it through Congress and if that’s true....we will have to go through the court process.

The landswap happened. Polymet has a deed to the lands they need. If it’s simply a matter of some amount of money....that’s not a big deal in the scope of this project. However if there is some provision within the swap agreement that the swap can be undone? That’s a cloud and is a big deal.