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Gold/Mining/Energy : Int'l Freegold Mineral Development Inc./ITF/VSE
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To: koan who wrote (259)4/9/2000 10:45:00 AM
From: CLK  Read Replies (1) of 298
 
Amplats, the world's largest pt/pd company is PFN's partner. The ratio of Pd to Pt is said to be 2 to 3 to one on here and Pd is higher priced right now even though Pt is much rarer and makes better catalytic converters. North American Palladium is probably the best analog and is open pit instead of underground as is the Marensky Reef, and, therefore, produces at a lower cost..I would guess about 130 dollars an ounce. ITF has a BETTER deal than PFN IF they have anything as they would have 100% compared to 35% interest in their ground, and could probably process their ore through the facilities that Amplats will fund. They also have good gold properties, cash and no debt. Higher prices, therefore, are expected despite the overhang of Barrick's shares and the shares of other exhausted holders from the past.
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