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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 (594)	5/30/2000 7:20:00 PM
From: Sleeper	Read Replies (1) \| Respond to of 976

Ptask- ROFLMAO!! Three quotes come to mind: Sherlock Holmes-"The game is affoot!" Hamlet-"Alas, poor Yorrick. I knew him well, Horatio. A man of infinite Jest." Sleeper-(to the NAP BOD) "What was that again?" Regards, Sleeper

To: Ptaskmaster who wrote (594)	5/31/2000 7:11:00 PM
From: Elizabeth Andrews	Read Replies (1) \| Respond to of 976

<Where is Kaiser?> Your analogy is most appropriate-this is some sort of comedy. It fits, I think, my theory that geologists should not run companies. It may be a well planned farce which is in itself the tragedy. But let's think about Kaiser for a bit. A while ago I'm sure he was wondering how in the dickens he got into this $100 million mess. Now he may be wondering where the streets' commitment is. I hope the underwriting group folds. I know how important management is and I can see the power of this mine. But the circumstances here, the price of the product, the expansion coming and the size of the deposit may overcome management. EBITDA for the first quarter was about $14.4 million running at 2400 tpd. At that rate the Kaiser debt is paid off in 2 1/2 years and he still has control. Maybe there is no dilution coming? The company has the money to expand the mine to 15000 tpd why wouldn't Kaiser just wait? He's already been in waiting for years why not a bit longer and really get the leverage. All that's needed now is a new resource calculation that indicates the deposit might be 200 million tonnes with a much lower waste to ore ratio if the Twylight Zone comes in as indicated. Then a long term sales contract or hedging program to give some certainty to the revenue. Will the stock go up? Jeez, the curtain just went down and we have to wait for the next act.