Stillwater Mining (PGMS) - pure platinum/palladium play Message Board

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Gold/Mining/Energy : Stillwater Mining (PGMS) - pure platinum/palladium play

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To: Frank Byers who wrote (163)	6/11/1997 10:02:00 PM
From: virginijus poshkus	of 182

Frank, I have the 96 report. I analyzed it, in a capsule SWC has 10mm equivalent ozs of gold. This is now but more drilling will prove up a whole lot more. SWC is selling for $50/oz in the ground. this is illogical in view of the price of PL and PD. The street should recognize this. Your question about the backwardization. The wide range you talked about is backward. Gold sells for more in October whereas platinum october sells for $25 less than July. This is anticipation of a shortage now and therefore high demand for physical delivery. The players hope this situation will be alleviated in october with more supply. I hope you understand this. if not i will give you a better explanation. vargas

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