4.2 million ounces of gold, platinum and palladium ....zero value added to the SP ...PAN like so many other a great longer term hold once some sanity comes back to the the sector
And now it has <<<<<<<<Geez I need to follow my own picks
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
Yeah its had a great run on the back of the rise in the Nickel price. Thinking it still may represent good value here even though it's more than doubled. I saw that BHP's nickel production was down considerably last quarter & I think it will take a little while for others to ramp up production if the Ni price keeps rising. The outlyiers are Russia particularly as they are under financial pressure & you never know how much metal they have available & the other is China with pig iron production, although you would think as China has been stockpiling there is little potential for domestic production to fill the gap. Still with an MC of only $190M & potential gold production down the track as well it may still be a good play.
Originally Posted by JBmurc
And now it has <<<<<<<<Geez I need to follow my own picks
Hopefully you find my posts helpful, but in no way should they be construed as advice. Make your own decision.
Clutching at straws, perhaps, but there was a recent article - somewhere - about China spending some $millions to rehabilitate the 20% of its arable land that is said to be contaminated - the main culprits being arsenic, nickel and another metal. Less Chinese pig iron production in future?
Originally Posted by JBmurc
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And as we know ...................
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