stillwaterconsidering stillwater is a major producer of palladium in north america (theres only a handful) and pfn has 30+ million tons of it in the ground i look to stillwater to take a greater position in pfn this summer. could even be a buyout of pfn for river valley and then pfn spins off their exploration projects into a new entity. pfn could keep a NSR at river valley on a stillwater/anglo JV and have a large sum of cash going forward to explore their other nickel/pge properties they have been acquiring.
Marathon PGM (MAR) has similar palladium grades to river valley and they are going into production in late 2010/early 2011. river valley just needs more drilling to upgrade the resource to 60 million tons or so and they should have a mining operation. PTD was recently bought out by MAR to add that deposit (also 30 milion tons) to their main Bamoos deposit and eventual ore feed to the mill.
There's only a handful of pge deposits that are unmined in north america and river valley has excellent infrastructure close by which will make this one affordable to mine. at a current price of 30 cents its a huge buy. I can see stillwater offering 80 cents to a dollar to take a 40% interest in river valley and then have a subsiduary exploration vehicle (the new pfn) for future growth. thats my opinion only of course....what do the rest of you think of that scenario?