PolyMet by the numbers
By: Sources: PolyMet, UMD, Reuters, Duluth News Tribune
$150 MILLION: Amount PolyMet has spent to date
$450 MILLION: Cost to build open pit mine and restart idle LTV Steel processing plant for raw ore processing
$200 MILLION: Cost to build hydrometallurgical plant to process a purer concentrate, expected sometime well after mine opens
360: Number of full-time jobs the PolyMet project will create when mine, bulk processing plant and hydrometallurgical plant are operating
600: Estimated number of local spinoff jobs spurred by PolyMet
$515 MILLION: Estimated annual boost to St. Louis County economy from payroll, purchasing, etc.
$15 MILLION: Estimated state and local tax revenue
$45 MILLION: Estimated annual federal tax revenue
32,000: Tons of ore PolyMet will mine each day
28.6%: Amount of PolyMet stock controlled by Swiss-based Glencore Xstrata
33.9%: Amount of PolyMet stock Glencore Xstrata could control if it exercises its full options
$1.06: Price per share for PolyMet (PLM) stock as of Friday. The stock has ranged from just pennies per share in 2003 to $4.50 per share in 2008 since first being offered in 2000, often reflecting the fluctuating price of copper. There are nearly 275 million shares outstanding.