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Bullboard - Stock Discussion Forum North American Palladium Ltd (New) PALDF

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... see more

OTCPK:PALDF - Post Discussion

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Post by Westcliff47 on Apr 17, 2019 2:07pm

Denver Gold Forum

here is the link for the webcast.
https://www.europeangoldforum.org/webcast/

You will need to go to April 10 and scroll down to NAP.
Jim Gallagher talks for 20 mins with background of company and where they are heading.
2019 cash flow based on $1250 palladium is $145mm and should be higher as he points out pdm price has been much higher. They have 15% revenue from other metals mined in addition to palladium.
Base shelf of $500mm is to help Brookfield divest its involvement. (Hope they think higher than $13 per share)
They have 3 million ounces proven which replaces the 3 million they have dug out to date.
They expect to release news on drilling of other areas over the next few weeks.
They think palladium price will hit $2000 as per Johnson Matthey over 2019 /2020
They have 9.5 yrs of mining left and expect to increase that to over 11yrs and more with these other properties nearby.
He says company may be over 1 billion cash over next 5 years as ounces expected to rise to 260/270 thousand per yr.
lots of good info. I have just touched on notes I made.

Well worth the listen and a head scratcher as to why our stock is getting beat down.
.
Comment by macdtrader on Apr 17, 2019 4:02pm
This was the highest volume day in the history of the stock since Brookfield.  Now how about a trend change?
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