PolyMet Mining (PLM) has been in a 10 year long battle with the state of Minnesota for approval to mine precious metals and resources in Northern Minnesota. About a month ago, the governor has finally approved them, and they can begin to mine, after a few more small steps. They should begin mining sometime in 2018. This stock trades right now at about $1.09 per share, however, it is expected to rise up to at least $2-$3 per share within the next year, and much more if they begin mining. Already since the approval from the governor, the stock has risen from about $0.60 per share to what it currently runs at. What do you guys think?
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I copied (and edited) this idea on r/investing that I posted back in mid-December. At the time, the price traded at about $0.84 per share, and has risen quite substantially since then. There is still time to enter in the market.