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Gold/Mining/Energy : North American Palladium(AMEX:PAL)- PGM Producer

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To: Sleeper who wrote (547)4/4/2000 12:16:00 PM
From: Claude Cormier   of 976
 
Sleeper,

You may be right. Time will tell. Palladium is rare for sure. But its uses are also limited. There was a switch from Pt into Pd a few years ago. There reverse can happen.

Silver is certainly a lot more available than Pd is. But fabrication demand is also much higher, 100 times higher.

I don't think Pd can return to the low prices it was, but it could get back to the $300-$400 range.. easily. And with below $400 PD, PDL would have much lower cash flows and would take much longer to pay of its debts.

CC
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