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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Post by bugbeeon May 10, 2011 4:59pm

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Post# 18556198

Stillwater up today

Of the PGE stocks I follow, I noticed many PGE companies were down with the exception of Stillwater Mining (SWC).
PDL, with Q1 operating head grade of 3.85 grams is not the only company with a big share price drop.
Along with PDL, Mustang Minerals has significantly cooled since announcing reasonably good results from early stage PGM drilling, most notably, a 30 foot intersection of ~ 9.5 grams Pt-Pd and a 30 foot intersection of ~ 4 grams Pt-Pd. Drilling also intersected a 0.9 gram section of Gold. Drilling is relatively close to surface beneath overburden and strike length of the new PGM Zone extended to ~ 300 feet. Considering this is new PGE discovery drilling, in addition to the previous 43-101 estimate pit resource of ~ 10 million tons of Copper-Nickel ore, investors have appeared to follow the adage of "sell in May and go away".
Betters days ahead for the PGE companies generating strong exploration and operating results.

Bugbee

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