OTCPK:PALDF - Post by User
Comment by
divestoron Mar 19, 2014 11:57pm
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Post# 22344474
RE:Seeking Alpha: North American Palladium has Upside Potential
RE:Seeking Alpha: North American Palladium has Upside PotentialOne positive that I think they missed is the currency changes of late. Most of PDL costs are in CAD, so when CAD loses 10% - so do the cash costs go down, all else being equal. For example, 2013 cash costs were $560USD @ CAD 97cents. At 89 cents, costs are $514USD.
170,000 ounces @ $46 = about 8 million on currency alone.
It's late - hope the math is ok...