The owners of North Lily Mining Co. are trading in their drills for modems and mouse pads - and FICO scores.

The 84-year-old Denver company, whose metals mining operations have been foundering for 15 years, last week announced plans to get out of the business and acquire Denver-based, an on-line subprime mortgage lender. The price: 5.65 million North Lily shares, about $2.8 million worth.

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