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: Frank Byers who wrote ()	9/30/1996 6:25:00 PM
From: Frank Byers	of 182

CNNfn has an aftermarket news story about the interest in platinum and palladium investing. See the story at: cnnfn.com Since starting this thread, PGMS has dropped to the high 18 to low 19 range. This has been a very good entry point, historically. Last year, in November, I picked some up at 15 and it rocketed to 29 in about 6 months. I really think this is a good play.... Remember, this is the only company in North America that produces platinum and palladium. South Africa is the other large producer. According to the Stillwater '95 annual report, Russia is not a significant producer due to financing and production problems in it's mines. But, the Russians do have large stockpiles and they do sell quite a bit on the open market, so that is a factor in platinum prices. Also, palladium is the metal that is used to replace platinum in catalytic converters for automobiles, so even if that happens on a large scale PGMS benefits.

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