Skaergaard Was Almost a Goer when Palladium was Half the Current Price, page-63

O.kay. More talk on palladium. The following article from bloomberg is interesting.  Some things to note are the increased amount of palladium going into petrol engines to reduce emissions.

Article makes note of the by product nature of the palladium beast regards South Africa. Too much sovereign risk there now, too expensive, platinum price too low. Obvious sources in Russia that are 80% palladium but underneath the permafrost. Plus Russia is probably not stable enough as a jurisdiction for anyone but Norilsk.

So the problem we have is that we need 5-7 years to get into production and electric will be in full flight by then. What we need is a massive spike possibly caused by alternative uses of palladium i.e - fuel cells.

If our scoping study can at least hint at being operable based on the gold  and the sheer scale then we might flush a bid from Norlisk, who might be looking to Siberia as capex is no problem- they will look to tie up the mkt if they are going to move ahead in Siberia and sink the capex. They will not want any question of oversupply and 40-50 mill is a good insurance premium.

https://www.bloomberg.com/opinion/a...bound-to-go-higher-as-plati?srnd=premium-asia

So let's hope the scoping study tells us that with technological step change the ice queen is feasible even if the palladium outlook is uncertain.