Stillwater Mining (PGMS) - pure platinum/palladium play Message Board

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Gold/Mining/Energy : Stillwater Mining (PGMS) - pure platinum/palladium play

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To: virginijus poshkus who wrote (162)	6/11/1997 7:59:00 PM
From: Frank Byers	of 182

Look at the spread on Platinum from July to October, its $25, whereas the spread for Gold from June to December is only $7.5. I don't know if historically Platinum has larger spreads than gold but this sure looks odd to me, but I don't really follow commodity prices that much. I suspect the story is just not out on Stillwater, otherwise it would have made a bigger move and held it better that it has. Keep the faith thought, if these prices hold in the $440-450 range it will hit SWC's bottom line in a big way in the future quarterly reports. And they are sitting on a lot of Pt in the ground. Nice move on Palladium, percentage wise yesterday. SWC cranks out a lot of Palladium as well, something like 1/3 of the refined product. If you don't have already, get a copy of the 96 annual report, it has a lot of good info regarding proven resources and how they are increasing their capacity and future profitability. good trading FB

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