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: russet who wrote (819)	1/6/2001 1:32:13 PM
From: Bruce Robbins	Read Replies (1) of 976

It is nice to see that PDL knows what it is dealing with. I would imagine that their 0.85 g/t Pd cutoff is quite reasonable. They brought it up to that from early quotes of 0.7 g/t Pd. After all, PDL has been mining this thing for quite some time. I am quite sure that they have what they say they have and can recover it at cash costs of US$160 per ounce like they say they can. I'm not expecting any surprises on this reserve if Pd price stays up. And now for what the stock is worth- well everything we talked about has very little to do with that <g>! Bruce

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