Platinum $2,000 & Palladium $800 ?? Message Board

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Gold/Mining/Energy : Platinum $2,000 & Palladium $800 ??

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To: RJ2 who wrote (67)	12/8/1998 12:09:00 PM
From: DRT	Read Replies (1) of 187

HLM: No question of the potential - they have not only high PGM values in grab samples (like many companies exploring for PGMs in Ontario), the additional considerations are (i) drill results - significant intersection near surface/Kuhner Occurrence, and (ii) North American Palladium was interested enough to stake the more marginal prospects around HLM's Tib Lake property. Flag Resources: I checked out the companies website and you may want to question a few things: i.e. why were the pending assays indicated on August 17th never released? Oct. letter to shareholders indicates they are drilling deeper - still no results released? It usually means a company has not found anything significant to date and are reluctant to tell shareholders for obvious reasons! Not having the time or interest in this case to do the appropriate due diligence, I did not bother with the SI thread. I would add one point that I have stated before - particularly for PGM properties, grab or trench results are rarely proven up in the drill cores. I've got most of my PGM eggs in one or two baskets - i.e. only those with initial drill results and further exploration potential. DRT

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