There’s only one problem with Palladium (or PGE for that matter). MAN is a handful of explorers vying to replicate CHN in the region and the tide is turning in CHN’s favour. We saw it first with CPN. (Since their highs this year OAR is down 50%; DEV down 43%; PUR down 29%; MAN down 62%: CPN down 64%; ENX down 38%: ASN down 41%. Others riding the CHN wave are IPT down 50%; TRT down 24%)
There’s still a lot to like about MAN in particular the huge cash reserve. Could it be that the market is beginning to think perhaps CHN really does have 90% of the PGE covered in their tenements (as A Dorsch believes they do).
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