PGM (ASX) Skaergaard Was Almost a Goer when Palladium was Half the Current Price

Originally posted by Hotrock1 ↑

Originally posted by soarer
This piece of your car is more valuable than gold, and thieves know it

View attachment 1432733

Dubbed the “most precious of precious metals”, palladium is having a bit of a moment and enterprising thieves across the US and the UK are making the most of it.

Palladium has surged in price as car manufacturers seek to make their vehicles more emissions friendly. The metal is used in catalytic converters to transform harmful pollutants like carbon monoxide into carbon dioxide and water vapour.

The metal has surged in price by around 50 per cent over the last four months, leaving gold behind.

While it’s been on investors’ radars for a while now, it’s recently reached the attention of thieves. Catalytic converters tend to sell for up to $550. Thieves in Virginia, USA have stolen 15 converters since the beginning of December.

In Missouri, thieves are targeting U-Haul trucks as the volume of palladium is larger than in cars.

Over in the UK, thieves are targeting Audis, BMWs and VWs. The London police warned it can cost thousands to replace catalytic converters.

However, according to a Reuters poll, the frenzy is unlikely to last.

It found most analysts and traders predict that palladium will have its biggest year in 2019 but fall slightly behind gold in 2020 as supply starts to meet demand.

At time of writing, palladium is $1,895.10 for an ounce, and gold is $1,823.88 for an ounce.

https://au.finance.yahoo.com/news/piece-car-valuable-gold-thieves-know-223207907.html
The local car wreckers must be thinking their Xmas has come in big time .. next time you want to dump your car to the car wreckers for $100 ..pull out the Cat converter you might have $500 of Palladium in it.

Just a Thought .. At least it's an end product you can sell, unlike the in ground , yet to be realised potential massive deposit of Palladium that may or may not be commercially viable to mine in say 5 years, with a massive Capex attached to it. It sounds great at the current Palladium price, but it's nowhere near production. Sadly,the only valuation you can attribute to it today is a Blue Sky valuation. Looks fantastic , but a lot can happen in the next 5 years. Best to Flog it off quickly to the very few majors that know how to turn it into some serious dollars in a shorter space of time.

PGM may well have to cop it sweet in terms of a deal, otherwise the holding costs and timeframes may see them lose the tenements. Pretty sure the small number of potential suitors have already worked that out.

Just my views, Lets hope for all concerned, the rehashed Scoping study is done quickly and not at great expense to the company. Timing is everything in the Resources game.

Cheers

HR

Expand

Funny what you saying here but couple of weeks ago you had different ideas ...
This is your post from ARV forums on 8-01-19 :

As a future ex wife used to say ... No Munni, No Hunni!

ARV's JV partner Platina Resources would be very grateful to get some Hunni from Munni Munni.

Maybe ARV could JV the largest Palladium resource (with JORC) on the planet in Iceland, Platina Resources are scouring the globe for a partner.

see PDF below:

Do your numbers on that one, get DL to have a look ... it also contains lots of Gold and Vanadium. Maybe ARV could snare this on the cheap from Platina, just like they did with Munni Munni from Platina.

Just a thought.

Cheers

HR

No.	Vol.	Price($)
2	493297	1.9¢

No.

Vol.

Price($)

493297

1.9¢

Price($)	Vol.	No.
2.2¢	96459	2

Price($)

Vol.

No.

2.2¢

96459

No.	Vol.	Price($)
1	80000	0.063
1	8000	0.062
2	294539	0.061
5	76800	0.060
1	16966	0.059

No.

Vol.

Price($)

80000

0.063

8000

0.062

294539

0.061

76800

0.060

16966

0.059

Price($)	Vol.	No.
0.067	138919	1
0.068	72255	3
0.069	89000	1
0.070	25062	2
0.071	24500	1

Price($)

Vol.

No.

0.067

138919

0.068

72255

0.069

89000

0.070

25062

0.071

24500

(20min delay)
Last 1.9¢		Change -0.003(13.6%)		Mkt cap ! $12.46M

Open	High	Low	Value	Volume
2.1¢	2.1¢	1.9¢	$18.49K	947.4K

Skaergaard Was Almost a Goer when Palladium was Half the Current Price, page-93

ASX Market Open: Aussie market to leap on best 'Trump trade' bump since election day | November 22, 2024

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Asian Battery Metals uncover second massive sulphide discovery at Mongolia's Oval play

iTech inks deal with Chilean lithium giant to progress Reynolds Range

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

IP anomaly thrills Cannidah with project extension hopes in QLD

Alcidion inks deal with Vic health provider Peninsula for use of Miya Precision tech

HotCopper users react as Pancontinental Energy's trading halt lift reveals little

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Skaergaard Was Almost a Goer when Palladium was Half the Current Price, page-93

Top Stories

ASX Market Open: Aussie market to leap on best 'Trump trade' bump since election day | November 22, 2024

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Asian Battery Metals uncover second massive sulphide discovery at Mongolia's Oval play

iTech inks deal with Chilean lithium giant to progress Reynolds Range

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

IP anomaly thrills Cannidah with project extension hopes in QLD

Alcidion inks deal with Vic health provider Peninsula for use of Miya Precision tech

HotCopper users react as Pancontinental Energy's trading halt lift reveals little

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News