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: Randall E. Brubaker who wrote (164)	12/2/1997 2:42:00 AM
From: Jason Marcotte	Read Replies (1) of 976

I was surprised by the value of the loss incurred in Q3. However, the company has locked in their palladium price at around $150 per oz until April, so they are not getting the current stock price. As well, it would appear that the reorganization of their debt will not show on the books until year end, further magnifying their losses. The sense I get from management is that, while it is still somewhat of a struggle, they are making improvement in consistency of milling. The winter here has been quite mild so far, which will help their operations. Hopefully we will see a profitable quarter sometime in 1998. Jason

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