North American Palladium Ltd (New) PALDF

Metals & Mining Industrial Metals & Minerals

North American Palladium Ltd is a precious metal mining company. The company operates the Lac des Iles palladium mine located in Ontario, Canada, which is one of only two primary producers of palladium in the world. The group believes there is exploration upside near this location, and the limited number of primary palladium production areas also offers investors exposure to palladium prices. The company generates the majority of its revenue from metal sales, including gold, nickel, copper, pall

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North American Palladium Ltd (New)

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Comment by oddykogon Jan 18, 2008 9:14am

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Post# 14223322

RE: Production news

I would think that 2008 will be a repeat of 2007 in terms of metals production. Both the open pit and the underground mines at LDI should be humming all year. The big variable in 2008 will be the price they get for the metals and the relationship of the loonie to the US$. Personally, I don't see palladium going much lower, but if there is a substantial recession in the US I can see the loonie dropping another 10% to about 90 cents US for one Canadian dollar . That will be very beneficial to PDL and increase cash flow to help with the various expansion programs. I certainly hope we will not be exposed to another brutal capital raising such as the one we have jsut experienced for a very long time.

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