North American Palladium(AMEX:PAL)- PGM Producer Message Board

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

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To: Sleeper who wrote (378)	12/21/1999 2:03:00 PM
From: Claude Cormier	of 976

Well Sleeper, Given that Eva already has a 3-bagger, and that PDL's balance sheet is horrible, it make sense to take some profit. I think. Once the feasibility is in, it will be easier to make a case for a new price target. If the NPV of Lac Des iles comes in at only C$200 millions ( a low case but still possible), then PDL stock would be fully valued at $5. Even if PD is the only game in town now... it could well be near a top. Gold on the other hand could be at a bottom. You will also notice that I didn't suggest to move some profits in any gold stocks... but in FGX. FGX as a geological resource approaching 4M ounes of gold. Within it, a mienable resource of 2.25 millions ounces that can be mined at $85 per ounce. At current metal prices, this is a good as a mineable resource of palladium that can be mined at $240/ounce. Comments ? CC

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