Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Global Thermoelectric - SOFC Fuel cells (GLE:TSE) -- Ignore unavailable to you. Want to Upgrade?

To: raisinkane who wrote (2652)	7/19/1999 4:29:00 PM
From: speculatingvalue	Read Replies (1) \| Respond to of 6016

Palladium, not platinum...

To: raisinkane who wrote (2652)	7/19/1999 4:56:00 PM
From: Andrew	Read Replies (1) \| Respond to of 6016

This is a little off topic so I apologise to the thread. Yes you are correct most PGM's are mined in these two areas. Although Russian Supply is diminshing as they have sold off most of their reserves, and their mines may be running low. That is why Palladium has exploded in the last year. Stilwater mining in Montana will be producing about 1 million ounces of PGM's by 2001 to be the largest producer outside of SA. To put it in perspective only about 5 milion ounces of Platinum are produced anually worldwide and demand for both Palladium and Platinum are outstriping supply. There is a whole lot of info on the SouthernEra web site about PGM's as they have just pruchased a PGM mine in SA that will produce 120,000 ounces of PGM a year by 2002. They are predominantly a diamond producer but this aquisition is interesting and hasn't been valued into the stock at all. southernera.com Andy