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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 (748)11/9/2000 12:39:10 AM
From: Elizabeth Andrews  Read Replies (2) | Respond to of 976
 
Well, you could be right in holding but there's elevated risk in my view. There's also momentum and it may be that some funds have to get long now (rather than at C$6, when it wasn't safe) because now it's safe. But the return on investment is going to be lower for these turtles, don't you think? I know about the mine plan by the way and the current grade going through the mill is a lot higher than the average grade of the deposit. Clearly, at a higher throughput the costs will be lower but I'll bet that this quarter will have the lowest cost per ounce ever no matter what the mining-mill rate is. Are you on for the bet?