As an investor goes about looking for a small cap mining company, they may want to consider a company that is exploring for an operation in certain parts of the world. To start with a slightly more obscure base metal, one might consider Nickel. This base metal is perhaps one of the more rare base metals found in only a few places around the world. Canada holds the largest such site located in the eastern portion of the country where a meteor is thought to have hit the earth. This is not the only site but a solid place to begin as Canada is widely considered the mining standard for grading, regulation and, from an overall perspective, the base-line for all things mining.

If gold and silver are of interest, an investor would look to the western United States and Mexico, with Peru not to be ignored. Interestingly enough China

Polymet Mining Corp., a development stage base metals exploration and development company, works to discover, develop and exploit various base metals in the upper Midwestern regions of the United States. The company has found significant progress in its activities and is, for the most part, 100% owner of its properties. The company is based in Vancouver BC, Canada and recently closed its first round of financing at $10 million. $15 million remains in the company’s next round of financing.

To understand the advantages that the company is bringing to market one must understand the region in which it is operating. Northern Minnesota has a rich and productive mining past, which was mined with older technology. This is not to suggest that deposits were “played-out”, but rather that they could not be fully accessed with equipment of the era. Polymet has gained access to sites that were heretofore ignored and brought the

I sure don’t see many people talking about this “relatively” cheap stock, despite the stock hitting new highs. I guess this is great news to me as stocks that slip under investors radar screen’s that have this kind of growth is simply good news for me.

First off, the EPS growth the past four quarters have been fantastic with the stock showing 133%, 225%, 60%, and 244% sequential growth. Sales have been even stronger growing 62%, 19%, 20%, 15%, 9%, 90%, 122%, and 177% the past eight quarters.

This current growth along with the 2008 and 2009 earnings estimates for 122% and 36% growth is very bullish for the long term. That is why there are already 8 mutual funds involved in this stock despite its young age. The 0% debt helps a lot also.

Better yet, however, is the 17% ROE, 42% EPS growth rate, combined with a
16 p/e ratio which is …