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

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To: Bobby Yellin who wrote (134)10/4/1997 1:22:00 AM
From: Jason Marcotte   of 976
 
Bobby and all: I apologize for not keeping this thread current, however I was unable to access SI for several months. I am back now, and will try to provide updates on PDL more often. Basically the mine has had a couple of good months. I believe they processed 70,000 tonnes in August, and close to 80,000 in September. This is much more consistent production than in the past.

The company has hedged their palladium until the end of April of next year, however that is not too far away now, and palladium prices seem to be holding steady in the $190 to $200 range.

If you have any other questions I will do my best to answer them.

Jason
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