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 bwannaon Oct 21, 2014 10:56am

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Post# 23047016

RE:RE:RE:RE:Drilling News

to me the powerline zone looks very promising. The intersections are very close to surface and pretty high grade. This has opportunity to really improve the economics at LDI and would be a second source of mill feed. The mill is underutilized. the deeper intersections in the offset zone are interesting because it is obvious that the zone continues and has significant widths. however, some of the deeper intersections are at depths over 1400 meters, up to 600 meters deeper than the current bottom of the shaft. profitable operations at that depth are not going to be easy and NAP has already proven that it doesn't know how to manage capital budgets. just imagine another shaft sinking episode. yikes. these guys should be ignoring the deeper underground targets and finding more surface targets to fill the mill to capacity. my opinion

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