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Gold/Mining/Energy : North American Palladium(AMEX:PAL)- PGM Producer

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To: Elizabeth Andrews who wrote (747)11/8/2000 7:25:32 PM
From: Sleeper  Read Replies (1) of 976
 
sold it today
Everybody has to play it the way they see it. I didn't

The grade they are mining is well above the mine average and the cash flow cannot be sustained at these levels.
IF grade declines it may be offset by any or all of the following:
-Greater through put
-New, and equally good or better ore grade
-Increased price of Palladium

Also, the underwriter has a 1.9 million share greenshoe
Hardly a unique event.

Sleeper
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