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

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To: Bruce Robbins who wrote (813)1/5/2001 4:31:42 AM
From: GeoDude  Read Replies (1) of 976
 
Bruce,

my 2 concerns with this stock are: they now have 50 million shares fully diluted (much reduced leverage) and they are now mining high grade stuff (+/- 4g/t) vs the overall reserve grade of 1.6 g/t. How long will the high grade last? What is the grade of the stockpiled stuff??

Still my NPV numbers come out all right even at the lower grade and numerous shares ($18/share).

My plan is to buy a sizeable position at the next dip in Pd prices (if that happens ...). Any exploration success will add to the value but a long ways down the future.

Cheers

LIA
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