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Gold/Mining/Energy : North American Palladium(AMEX:PAL)- PGM Producer -- Ignore unavailable to you. Want to Upgrade?

To: Ptaskmaster who wrote (416)	1/20/2000 9:55:00 PM
From: DRT	Read Replies (1) \| Respond to of 976

... a partial debt-equity swap + new financing for expansion, increased throughput at a lower operating cost, strong palladium prices and continued exploration success to extend the mine life are all factors that could increase the market valuation ... others I know are expecting it to go to $10, at $15 it may be overvalued but in the market the unknown is the wild card. LOL! DRT

To: Ptaskmaster who wrote (416)	1/20/2000 10:16:00 PM
From: Sleeper	Read Replies (2) \| Respond to of 976

Great post Ptaskmaster. However, I would like to make the following points: First, the reserves: The deposit is now estimated to contain total Measured and Indicated Resources of 94.1 million tonnes at 1.66 g/t Pd, 0.18 g/t Pt, 0.14 g/t Au, 0.062% Cu and 0.053% Ni at a Pd cut off grade of 0.7 g/t. The total contained metal in this resource is 5.0 million ounces palladium, 0.5 million ounces platinum, 0.4 million ounces gold, 128 million pounds copper and 108 million pounds nickel. Tuesday November 16, 12:02 pm Eastern Time Company Press Release Secondly, Pd prices: CPM Group have predicted Pd to remain above $420 during 2000 and $460 during 2001. These predictions where made on December 14, 1999 a week or so before the big rise in Pd prices. Don't know if they have modified their price projects as a result From Dave Brown Message 12537372 Thirdly, none of the new claims are included in any of the reserve estimates at the present time. Using Preacher's numbers and the feasibility study's quoted reserves, 5 million oz. times $70 equals $350 mil, minus $ 80 mil in debt, divided by 13 million shares outstanding equals $20.75. If one was so inclined, using the US $420/oz. figure adds an additional 5% valuation, bring the per share estimates up to $21.78. Hmmm. Now where did I park that truck... Sleeper