Platinum Group Metals (PGMs) Message Board

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Gold/Mining/Energy : Platinum Group Metals (PGMs)

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To: Bob Howarth who wrote (377)	5/22/2000 10:38:00 AM
From: Ptaskmaster	Read Replies (2) of 529

Russian PGM supply from the primary producer Norilsk, in a nutshell (or basket).- "This is not a tiddly winks exploration company. Norilsk is the world's largest producer of nickel, accounting for just under a fifth of global output, biggest miner of palladium, (almost half of world production) and second largest producer of platinum (14 percent).... "Norilsk is on an extraordinarily poor rating because of fears about the Russian political economy and its huge foreign debts, a sliding rouble, infrastructure and export problems, obfuscation, contradictory corporate statements, past losses and minimal transparency. The stock, with a 35 percent free float is also illiquid...." From 'The World's Most Undervalued Mining Major' by Neil Behrmann, full story in Miningweb on Moneyweb mips1.net

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