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


To: Bruce Robbins who wrote (821)1/7/2001 8:38:06 AM
From: Sleeper  Read Replies (1) | Respond to of 976
 
Bruce, the current stock price of PAL is reflective of the stock market conditions in general. We are currently valued at 2x forward earnings (2002) with Pd @ US $900/0z. For the record, this is a buying opportunity at anything less than US $10. All just my opinion of course.

Thanks to you, russett, and Elizabeth for an excellent discussion on the geology. On another note, I am a follower of Kaiser Francis. They have always had the ability to assess any type of mineral reserves and they fact that they sunk large amounts of money into PAL to get it up and running is indicative of their read on the property. This is what brought me to PAL in the first place. To the best of my knowledge Kaiser Francis remains THE major stockholder with no signs of "lightening". The stocks volatility can be attributed to the small float. I think it is very important to realize that this Q's numbers will reflect Pd prices of a MINIMUM of $900/oz. The handwriting is on the wall. Again, just my opinion.

Sleeper