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Gold/Mining/Energy : Stillwater Mining , SWC (former PGMS)
SWC 18.000.0%May 12 5:00 PM EST

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To: Bob Howarth who wrote (1062)1/27/2000 11:34:00 AM
From: Sunny Jim  Read Replies (2) of 1336
 
This could be a wild year if Pd goes non-linear like some are forecasting. Your estimate of $2.50 would be conservative since an assumption of $427 average selling price could actually be between $500-600. SWC has approx 40% of 2000 metal prices hedged so Pd has to get up around 700-800 for the wildly optimistic case, but anything's possible.
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