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: Elizabeth Andrews who wrote (502)	3/4/2000 7:05:00 AM
From: Sleeper	Read Replies (1) of 976

Friday March 3, 3:04 pm Eastern Time Company Press Release North American Palladium Ltd. Labour Negotiations Successful - Six Year Bargaining Agreement With Steelworkers Union Assures Stability For Major Project Expansion A positive feasibility study was completed by AGRA Simons on the proposed major expansion of the Lac des Iles open pit palladium mine in late 1999. The study supports an expansion of the operation to 15,000 tonnes per day from the current 2,400 tonnes per day. The expanded operation is expected to produce an annual average of 248,900 ounces palladium, 24,200 ounces platinum, 19,100 ounces gold, plus copper, nickel and cobalt over an eleven year mine life. My trusty calculator says that with Pd @ US $600/oz., NAP will generate about $150 m in revenues off Pd alone once the mine expansion is completed. In other words, the outstanding debt and cost of mine expansion are quite manageable. Sleeper

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