SPD 1.30% 38.0¢ southern palladium limited

Write-up on SPD, page-12

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    This is a great little sleeper. If you listen closely to that prezzo and read between the lines on the collaborative nature of PGM mining in S Africa you could easily mount the unusual proposition that SPD is basically an underwritten mining contractor and their final invoice will be whatever price they're eventually and inevitably taken out for.
 
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