palladium

http://www.telegraph.co.uk/finance/newsbysector/industry/mining/7591062/Palladium-price-jumps-on-industrial-and-investment-demand.html

Palladium has been on a tear in the last weeks and has hit USD 550/Oz. Platinum also continues to rise but not at the same rate as Palladium.

With PLA I am again thinking "Panton". I feel that we are experiencing a long term uptrend in the price of Palladium. This in addition to rising SA PGM production costs must be changing the economics of Panton and I fully expect that the project is again under assessment.

Panton could be important to PLA as this is a project that has gone through the DFS stage so at the right price can be brought to production much sooner than Rooderand.

BR
Max