Any Palladium bulls out there? Interesting article on silverbearcafe

http://www.silverbearcafe.com/private/05.11/shift.html

"...This shocking development is very bullish for palladium and is a very good news to fellow palladium investors. We are talking about 45% of the world's supply of palladium removed when Norilsk ceases to produce byproduct PGM metals."

 

Have a Palladium Bar (PAMP) available to any stackers... Spot + 5%

 

Anything in smaller weights ?!

 

Got a Chisel?

 

Didn't even specify a weight? !!! LOL!

 

I thought ud have that.

 

Just read the mentioned article.... Might be worth hanging onto ... SPOT + 6%

 

how big is it?
1oz?

 

Yup. 1 ounce in certicard.

 

I will take it spot +6%

 

So, Norilsk are selling their stake in Stillwater Mining to focus on nickle and whoever buys the Stillwater owned mine is going to let it sit there and not dig any palladium out of the ground, right?

Am I missing something, or does the article simply say that one company that currently mines a lot of palladium is going to mine a lot of nickle instead?

 

After base metals are extracted, the leach residue would contain virtually all of the original material from the mineral ores: rocks, sands, dirts grinded into fine powder, and wet with all the nasty chemicals mixed in during leaching. It probably contains no more than a few part per million precious metal content. Once again those precious metals: palladium and platinum, are chemically inert and can not be extracted efficiently using any chemical solution. The only way to process them is to use high temperature smelters, which bring back all the air pollution problem and high energy cost, problems that Norilsk wanted to solve in the first place

The inescapable conclusion is that Norilsk Nickel will become just a low cost nickel and copper producer, and will cease to produce palladium and platinum as byproducts, once they adopt the Activox Process.This is true unless palladium and platinum prices are driven to such high levels that it makes economic sense to try to recover the trace amount of precious metals contained in the leach residue despite of the high processing cost.

 

Yes, but the article says Norilsk is selling their palladium mine and buying another company with some cool tech.

Obviously if you sell your palladium mine, you're probably not going to be producing much palladium anyway, regardless of any funky leaching process you're using to recover a completely different metal.

Somebody else is going to own the palladium mine Norilsk doesn't want any more and presumably that somebody else is going to dig palladium out of it.

 

The surprise move is that Norilsk Nickel actually meant it when they said early in the year that they were going to sell their stake in Stillwater Mining

This statement is incorrect because Norilsk is trying to sell Stillwater Mining over a year but has not found a buyer yet.

 

May be they sold it now but it was already on the market last April

 

Also possible Norilsk found some very profitable new palladium deposit in Russia and needed money for that.

 

Or they can make money on inventory by shutting down the mine...

 

I worked at Norilsk(old lionore facility) for 6 months last year at the r&d lab in balcatta, I was fresh out of tafe & semi clueless but from what the other workers had to say, Norilsk bought up lionore for 2 reasons, Activox & honeymoon wells.

 

I just wish Norlish would go on strike again. Turned the pd emu from 350 odd thereto 800 over in a coupler month swing on that (email alert) rumour . Dam nice coin to, n somewhat regret flogging it off.