Sant Claus rally? After having sold off to a 2-yr low, the stars could now be aligning for a Santa Claus rally in Palladium One. Ni, Cu, Pd and Pt prices are all starting to rise, which should increase interest in both of pdm’s Finnish deposits (Kaukau and Haukiako) as well as the current drilling at the Ontario Tyko property, which is reporting Ni grades in the 10 % range. Of note, Gemn’s Marathon project, with similar size and grade as Kaukua, is now fully permitted, with construction financing expected shortly. Part of the drag on the Finnish deposits has likely been their proximity to the Russian border, but that fear should now be fading. At the Tyko property, drilling has been underway there all fall, so should be lots of news on the way, and drilling at the West Pickle deposit is now being guided by downhole geophysics, which should assist greatly in tracking down those super-high-grade pentlandite lenses.
Ore Value Calculation | | Price
(US$) | GENM
Marathon
(111 mm t) | PDM
Kaukua
(69 mm t) | PDM
Haukiaho
(19 mm t) |
| | oz/lb | %/g | $/t | %/g | $/t | %/g | $/t |
| Pd | $1700 | 0.69g | $42 | 0.58g | $35 | 0.27 | 16 |
| Pt | 1100 | 0.21g | 8 | 0.21g | 8 | 0.11 | 4 |
| Au | 1800 | 0.07g | 5 | 0.07g | 5 | 0.10 | 6 |
| Cu | 4.25 | 0.22 | 21 | 0.13 | 12 | 0.18 | 17 |
| Ni | 8.5 | Nil | 0 | 0.12 | 22 | 0.14 | 23 |
| Co | 25/lb | ? | ? | 70g | 5 | 0.005 | 5 |
| | | |
| Total ore value $/t | $76/t | | $86/t | | $72/t |
| Total deposit value ($B) | $8.4 | | $5.9 | | $1.4 |
| | | | | | |
| Market Cap $mm (12/22) | $158 | | $32 | | |