We've got the highest grade undeveloped Palladium dominate rich exploration project on the planet about to receive drilling permits. Now in a perfect world we get to drill in December this year but no guarantees at all unfortunately. But in a perfect world I'm going to paint a picture for the next cycle in PD that I believe is about to kick off and its a good thing we have other PGM projects under our belt to accompany pennikat. If you look at the monthly chart on PD selling looks to be completely exhausted on the histogram last arrow to the right of all arrows. This is the largest draw down in Palladium ever on the MACD. And the histograms look like they want to flip green. A revert to the mean only on the chart is PD at back around $1900.
It could still trudge sideways for a long time... But looking historically it looks like a good place to look at PD seriously and not coincidence that PD was up nearly 8% last night.
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- Ann: Ministry of Environment Permit for Drilling Penikat Project
Ann: Ministry of Environment Permit for Drilling Penikat Project, page-42
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