Polymet Mining Has a Compelling Narrative, says HC Wainwright & Co. Managing Director

Polymet Mining Corp. (TSX:POM) was mentioned as a company with a compelling narrative by Heiko Ihle, managing director at H.C. Wainwright & Co., in his interview with The Gold Report.

As quoted in the interview:

TGR: What are some other companies that you believe have compelling narratives in 2015?

HI: One is PolyMet Mining Corp. (POM:TSX; PLM:NYSE.MKT). It’s a very viable project in northern Minnesota, an area that needs jobs. Governments at all levels want economic development in that region. PolyMet is a long-term story. There was a mine there before and the facility was used for decades.

TGR: Do you believe this will become a mine again?

HI: In the long term this could very well become a mine again.

TGR: What’s your target on that one?

HI: The price target on PolyMet is still $2/share. The price target didn’t go down very much when we adjusted our price deck, essentially because there are a lot of commodities such as copper and nickel for which we didn’t adjust our price deck.

Click here to read The Gold Report interview.
Click here to see the Polymet Mining Corp. (TSX:POM) profile.