Replies to post #6838 on Polymet Mining Corp (PLM)

[Connsm]

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

[waterfrozen]

Again--I don't see any scenario where PLM does not sell after obtaining permits. Have there been any JR mining companies that have taken on a project of this magnitude and continued on through production? I can't give my source or why I feel this way but it is far more than a simpleton's opinion.

When you look at what this stock might be worth, I feel you have to look at it from an acquisition/takeover scenario and I have not been able to find any similar cases in recent history in the US. To try and speculate what PLM's stock might be worth 4-5 years into mining is, to me, wasted time because they will be looking for the next venture and will be gone from the Northmet project.

Could I be wrong---very possibly--and I wish I was--but at the end of the day, isn't this what investors in jr's hope for--a takeover/buyout? Granted, we'd all hope the PPS was a bit higher given the value of the project but again, I'd hope for 2.50-3.00 PPS at buyout--cash. God, I hope you and CONNSM are correct and its worth what you guys think, but I am completely grounded here and after watching the delays, dilution, and increasing costs of everything its hard to think this thing is some sort of moon shot.