RE: Palladium in demandMagma is an exploration play more than a production play.
They are 4/5 years away of producing anything. So today's price and forecast of Pt/Pd price next year is irrelevent.
Magma is hunting for an Eagle-like deposit. Eagle was discovered by Kennecott, now owned by Rio Tinto, in 2002 on the south side of Lake Superior in Michigan and has a resource of 3.6Mt at 3.50% Ni, 3.00% Cu and 1.6g/t Pt/Pd.
Eagle is a needle in a haystack. But Magma has demonstrated the ability to yield high grade massive sulphides.
Maybe, just maybe, Magma is a couple of holes away from finding an Eagle.
Right now the market is in a "show me" mode.
You pays your money, you takes your chance...
Stay tuned for more...
pep