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Gold/Mining/Energy : SUDBURY AREA AND THE PGM PLAY
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To: Ptaskmaster who wrote (71)12/16/1999 1:59:00 AM
From: Elizabeth Andrews  Read Replies (3) of 349
 
Don't place your bet on the Russian PGE resource being finite. It's probably far from true. The country is so screwed up that the impetus to explore may be inhibited but that could change. I believe that South Africa can increase production whenever they want as the resource there is already defined and very large. Don't forget that we are dealing with small markets for both Pt and Pd. There may be a value to hedging some South African money but the Canadian Pt-Pd resource outside of by-product nickel production is still very speculative. This said, let the area play get under way!
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