Stock up 20% - It will take about a 5 weeks, but look at PAL, North American Palladium. Has a REAL operating mine in Canada, about 50 miles norht of Thunder Bay.
Palladium, Pd -
Palladium is used in auto catalysts. Palladium , now about $200, can be interchanged with platinum, now $700. This work for gasoline engines. For diesel engines, platinum is needed. Also, platinum has jewelry and bullion coin uses, palladium doesn't.
The palladium price is down because of -
1)dumping buy Russians
2)dumping by Ford, who built up a HUGE stockpile.
3) about 3 years ago, the palladium price was higher than platinum, causing the auto catalysts designs to switch to platinum. Now this switch is reversing.
With the fall of the USD, palladium just got cheaper in Euros...
PAL the company -
Can mine palladium at about $190-210 and ounce. Ore by is mostly palladium with minor platinum, and some nickel.
Very leveraged to palladium price , which is rising.
By product prices (platinum, nickel) are alos higher.
Good size reserves.
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Stock is volitile. |
