Polymet Mining (PLM – AMEX)
Dear Bottarelli Research Member,
This stock I’m recommending has the potential to make us some huge gains, and soon. I have followed this company for years, and I have to tell you the next few months are going to take this company to entirely new levels. The catalyst is a huge deposit of base metals that the company has been working on for a number of years. Getting applications and permits to mine these metals has been a long haul, but in the next couple of months everything should be signed, sealed and delivered.
As this company gets closer to the permit signing it’s going to move aggressively to the upside. The key is to own before any of thes press releases come out, and that’s why I’m urging you to take a position now. The company is Polymet Mining (PLM – AMEX) and I call it a buy anywhere under $3.00 per share.
Sincerely,
Why to Own Shares Before Q2 2007
Mark is the absolute master at sniffing out small and explosive metals companies, so when he came to me with Polymet Mining (PLM – AMEX) I knew we had a special company on our hands. Shares trade actively on the American and Toronto stock exchanges, so liquidity is enough that you can enter and exit for the best prices.
Polymet Mining owns 100% interest in the NorthMet Project, which is a polymetallic project covering 10,560 acres located in northeastern Minnesota. It’s one of the largest undeveloped non-ferrous metal projects in the world. It’s located in an active iron range — which tells you that the economics are favorable for large-scale potential with copper, nickel, cobalt, and precious metals.
Polymet also just acquired the Erie Plant from a subsidiary of Cleveland-Cliffs (CLF – NYSE) in two transactions that closed in November 2005 and December 2006, respectively. The Erie Plant is a large processing plant located six miles from the NorthMet deposit that includes extensive infrastructure like a tailings basin, main electrical substation, and maintenance facilities. With its close proximity, securing the Erie Plant will result in major capital cost reductions for Polymet’s NorthMet Project.
The upside permit catalyst that Mark spoke about in his introduction refers to operating permits to mine this property, which Polymet anticipates securing before the end of 2007. If all goes well, the company expects to be producing high grade copper cathode, nickel-cobalt, and precious metals before the end of 2008. As a pure play on Polymet Mining’s 2007 and 2008 developments, let’s buy shares anywhere under $3.00.
PLAY: Buy shares of Polymet Mining (PLM – AMEX) at or under $3.00, good for the week.
Sincerely,
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