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

To: Elizabeth Andrews who wrote (612)	6/14/2000 1:20:00 PM
From: koan	Read Replies (2) \| Respond to of 976

Elizabeth, if the price continues to rise would it not be prudent to sell some metal forward; or is there any way they can cost effectively increase production short of the new mill. It seems they presently have a lot more ore, than capacity to concentrate it, and it sure seems to me like they would want to lock in some of these prices now or soon. In fact, given these prices wouldn't it make sense to just borrow the PD and sell enough forward to finance the new mill and then pay the PD back with the new production. That way you completely avoid further dilution. This seems so obvious I would guess that is what they plan to do with these new prices - or am I missing something?