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

To: Sleeper who wrote (510)	3/7/2000 1:18:00 PM
From: Ptaskmaster	Respond to of 976

Agree Elizabeth's analysis is good, and hats off to her for digging through all this old financial stuff. Here are some additional random thoughts to add to the mix in this discussion: Kaiser had a considerable chunk of shares in a family trust meant for the long term, has shown no hurry in converting the pfd shares, and considerable patience in helping develop the mine. He is not a miner, and this may be just another long-term investment for him. The new projection for increased production and cash flow will service and help pay down debt. He can always convert the shares later in the game, now that life of mine is considerably enhanced and palladium price has entered blue-sky territory. Sheridan benefits with increases and efficiencies of production and high Pd prices through his NSR. Surrounding additional property holders and juniors may join with NAP in future joint ventures, adding to local synergies and possibly reducing NAP production costs. Higher Pd price might affect the trucking distance definition of "surrounding". There are likely other uses for palladium that will unfold as the science and technology of the new energy and hydrogen economy unfold. These will certainly focus increased attention on domestic palladium supply. Management is first rate, making steady progress and announcing only significant activities and specific facts. The company appears to be on good terms with the Ontario governments' geology and environmental agencies. The bottom line is just that: look at the data bank of assays, the geological resource, the production statistics, and the trend of PDL on a share price chart. Ptaskmaster