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Gold/Mining/Energy : Platinum $2,000 & Palladium $800 ?? -- Ignore unavailable to you. Want to Upgrade?


To: Just G who wrote (79)2/5/1999 7:09:00 AM
From: DRT  Read Replies (1) | Respond to of 187
 
I was referring to assayed drill core - HLM-A: The original prospector's shallow drilling encountered an estimated true width of 13 metres of 1.68 g/t (PGE + gold), including 1.5 m at 4.53 g/t at a depth of only 30 metres (represents a significant increase in grade and width from surface showings). Independent consulting geologists have noted that the mineralization intersected is open both to depth and along strike.

You are quite right with the comment on visuals. Even when it appears that PGMs are present (whether its high grade trench results, or grab samples, or visual 'black sands' at surface), rarely do they ever get proven up in drill assays).

You may find this of interest as well:

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2/4/99 Today in Platinum: Platinum Market Commentary

Platinum posted a 2% gain today, while the palladium and silver markets are extremely tight. Lease rates for palladium are reported to be at 10%, and the sister metal established a $1.50 premium over platinum at today's close. In the applications where platinum and palladium compete as quasi-substitutes, platinum now has an outright edge. If the Johnson Matthey estimates for a prolonged deficit in palladium are correct, then there will be inevitably a spillover into platinum demand, pushing platinum prices upward.
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DRT