GREY:COLUF - Post by User
Post by
mart2on Mar 06, 2001 12:40pm
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Post# 3429336
North American Palladium
North American Palladium
I didn't know North American Palladium (PDL) until Oasis refered to their properties in their press release and I made some research yesterday. Very interesting...
In the middle of 1999, PDL was trading at only $0.75... Then it began to climb and it is now trading at $13.50 on the TSE (50M shares outstanding). They produced 95,116 ounces of palladium in 2000 at an average cost pof $142. The current price of palladium is currently around $1,000 !
This gives you an idea of the potential of the properties owned by Oasis in the same area... This is why we see so much interest in Oasis actually in the market...
Just hoping that the exploration work will give some tangible results in the future...
In the short term, I hope CSI will break his resistance at the $0.10 level... However, I'm very confident that this will happen soon given the high level of interest (volume) in CSI...
Those who have any comment are welcome...
Martin