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North American Palladium Limited Şirket Message Board

  • nomcondo nomcondo Aug 31, 2013 9:24 AM Flag

    good asset

    People realize this company has a great asset, otherwise why even invest in spending 300 plus million in the shaft.When the loans were taken out the board would of known what the likely production would be from the mine, we will see the shaft being completed and expect some surprise in production and volume rates, we will see in October how thet are moving along and if they are still on track and they are actually lifting ore to surface, you will see this stock move north - also on the positive side is there is still alot of unexplored areas around the mine which could add alot more value to the company.Stories from seeking alfa and co , are just to create a buying point.

    Sentiment: Strong Buy

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    • from metal produced now ,like last 1/4 they made 9mill, once the shaft is operating , cash costs down to 350 - would turn current metal to surface to nearly 16mill, thet double the volume to surface, you could double the profit, say 32mill a 1/4 x 4 = 124mill - if no problems - if company can hit its predictions the sp should move rapidly

      • 1 Reply to nomcondo
      • Nomcondo,

        PAL has potential and should recover by 2014...The question is if the shaft schedule is reliable and PAL needs to deliver the news regarding the sinking of the shaft at 825...
        I think PAL is at about 800 to 825 depending on the pace if it is 2m per day or 0.45m per day??

        I looked at the presentation on Feb 19th and go look at the table 16.13 that gives a good schedule of production from 2013 to 2018 and 2P reserves for the shaft at 7.741MT at 4.5gr/T for Pd 0.29gr for Au and Pt etc etc...
        The news of the new COO push me to think that we are very very close to the 825m and will be presented by Gallagher himself.

        PAL is now a BUY accumulate and I added to my 13K shares left at around 1.01 another 12k shares today from 0.9955 to 0.9905 and another lot at 0.9901. I have so far 25k shares around 1 and will buy another 25k shares if PAL goes down to 0.90?
        I will try to sell again from 1.08 to 1.20 at least 50%.

        Will accumulate now for the next leg up that will come with the 825m completion pretty soon in my opinion. I may be wrong so invest at your own risk.

        We will see if my timing will pay off again?