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
