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“For 2020, we anticipate palladium supply to drop by 8 percent, to an eight year low of 9.5 million ounces,” she said. “South Africa will shed 383,000 ounces and Russia 138,000 ounces.”
A reduction in recycling tallies is also expected.
“Recycling will be down by 6 percent as palladium from spent autocatalysts will drop to 2.6 million ounces. It will still be the second highest palladium recycling number ever,” she added.
Industrial demand is also forecast to fall in 2020 by 9.1 percent to an all-time low of 1.6 million ounces.
Ultimately, Metals Focus sees the palladium story having two parts this year. The first will be marked by oversupply, while the latter half will be punctuated with deficits and tighter conditions, resulting in a return to bullish price conditions.
After reaching what is considered its peak of US$2,754 an ounce earlier this year, the metal fell as low as US1,728 on May 14; it has since rebounded and was trading for US$2,022 as of Wednesday (May 20).
“The annual average palladium price is forecast to rise 48 percent as the bullish impact of tight aboveground stocks gradually overcomes the drag of COVID disruptions towards the end of the year,” explained Swarts.
https://investingnews.com/daily/resource-investing/precious-metals-investing/platinum-investing/metals-focus-optimistic-pgms-outlook-caveats/
I have to believe some of the current pullback is related to Palladium pullback. Which I also believe makes buying Grid now a long term winning investment. Palladium will make a comeback, so that and Grid discovery announcement (TBD) and resource increases will be reflected very positively in the Grid PPS over time.
Grid Metals Commences Drilling at East Bull Lake
TORONTO, ON / ACCESSWIRE / June 18, 2020 / Grid Metals Corp. (the "Company") (TSXV:GRDM) is pleased to announce that a diamond drilling program is underway at its 100% owned East Bull Lake ("EBL") palladium property ("the Property") in Ontario. Grid is targeting palladium dominant mineralization. The Property is located approximately 80 km west of Sudbury, Ontario.
Program Details
Approximately 5,000 metres are planned in 9 diamond drill holes covering three large target areas in the highly prospective EBL intrusion
Stage 1 will include 5 holes and approximately 2,650 metres in the Parisien Lake area, testing several geophysical anomalies over a depth range of 200 to 500 metres
Stage 2 will include 2 holes in the southern margin of the East Lobe of the intrusion and 2 holes in northern margin of the West Lobe, testing geophysical anomalies over a depth range of <100 to 300 metres
Note that the current program plans are subject to change based on results obtained and other factors.
Dr. Dave Peck, P.Geo., the Company's VP Exploration and Business Development commented "we will be testing several MT anomalies in the current drilling campaign. The program is intended to validate our exploration model, which predicts that multiple trap sites for palladium-rich magmatic sulfides were developed within or adjacent to primary feeder structures in the EBL intrusion. Success for this program is defined as validation of the MT survey method as an effective tool for detecting thicker, higher-grade and more continuous areas of palladium-rich magmatic sulfide mineralization than what have thus far been discovered on the property."
Program Objectives and Technical Rationale
The Company previously announced results from a recently completed magnetotelluric ("MT") geophysical survey that covered several prospective target areas within the EBL property (see the Company's April 28, 2020 and May 23, 2020 news releases). The MT survey results were subsequently analyzed using 2D and 3D modeling tools, leading to the delineation and ranking of numerous, discrete anomalies featuring reduced electrical resistance (resistivity). None of the MT anomalies selected for drilling have been tested by previous drill holes. Some of the larger anomalies display undulating forms that could reflect the development of structural embayments along the basal contact of the intrusion. When ranking the anomalies, the Company's technical team considered several factors including: geology; proximity to known near-surface palladium mineralization; association with potential feeder structures; vertical and lateral extent and general form of the anomalies; and, depth and intensity of the anomalies.
The first anomalies to be tested occur in the Parisien Lake target area where the nearly 3,000 historical surface and drill core samples collectively demonstrate a positive correlation between magmatic sulfide content and palladium grade. The existing assays for this area include palladium grades of up to 9.56 g/t Pd (drill hole EB08-02, 89.9 to 91.0m) with 9% of all samples having anomalous Pd grades of >0.5 g/t and 4% of all samples having Pd grades of >1.0 g/t. The known palladium mineralization occurs within the upper ~200m from surface and is associated with the stratigraphically lowermost gabbroic rock units of the EBL intrusion. However, the known, near surface palladium mineralization was not detected by the MT survey. This finding underpins the current working model that predicts the newly defined MT anomalies at Parisien Lake represent areas of enhanced sulfide content and palladium grade.
If the results from Parisien Lake are positive, the Company will continue the drilling program with two holes planned for the southern margin target area in the East Lobe of the intrusion and two holes proposed for the northern margin of the West Lobe of the intrusion. The Company expects to report on initial results from the Parisien Lake drilling next month.
Dr. Dave Peck, P.Geo., has reviewed and approved the technical content of this release for purposes of National Instrument 43-101.
Grant of 225,000 Incentive Options
The Company also announced that it has granted a total of 225,000 incentive stock options to two officers of the Company and one consultant. The stock options are exercisable at a price of $0.25 per share for a period of five years from the date of grant. The incentive stock options were granted in accordance with the Company's Stock Option Plan and are subject to regulatory approval.
Nice. Thanks. Seems like it could be (selling? done)
You mean from a week ago ?
Got any links there pertaining to that ?
Am just trying to wrap my mind around your comment
"Newsletter pump into warrant selling".....?
For, that'd be what Gils' newsletter and the creation of some warrants ?
Anyways hey - I just noticed Moneta here...
8 sessions prior
Newsletter pump into warrant selling. Hope selling is done soon.
GIL comments that potential Palladium Discovery likely
Grid Metals (GRDM/MSMGF) should announce that drilling at East Bull Lake (EBL) has begun at anytime now! The palladium targets at EBL are exceptional, and I an interview I had recently with VP of Exploration David Peck and CEO Robin Dunbar to understand how ripe and huge this play could become quickly!
This could turn into a high flying new discovery play in the next month, and the dip now back in the high teens on GRDM to support, could be the last opportunity under .20-.22 to add. The stock continues to hit higher highs and higher lows, and selling volume around .20 is drying up. The company is trading at less than $7M US enterprise value with just under $2m US in cash. One strong hole in this early summer drill program, and we could see a MUCH higher valuation by year end.
Added more as well. But we're at risk of closing below the 50MA. Moderate selling volume today so this isn't a low-volume selloff.
Reviewing the presentation one of the things pointed out was
that for Grid the biggest opportunity for stockholders is in the discovery phase. THAT is where we are right now. Within weeks/mo. we should see the initial result of the drilling that is happening. So nice to know we are not looking and qtrs/yrs before we make money or know it is a bust. That said the Geoscientist involved Dr. Peck is one of the best and he has a very high confidence they will confirm a big resource.
Interesting MSMGF down 12% and GRDM down less than 3% at this moment.
Makes my morning MSMGF buys seem like a gift.
That said GIL guy says it may take more abuse early next week before returning to higher levels. On other hand it may not and not to wait to buy some at this dip.
Added as well.
Looking more like nickel may be recovering. If the trend continues that will bode well for GRID later down the road. So the palladium drilling that we hope will give us a bid boost near term will at some point get a big boost longer term. That could result in a very good multibagger here, coming in two distinct phases. GLTY all
That funding deal kind of sucks. Unless you are the funder.
Sure do need their drilling to produce results. I feel it will but only time will tell.
Grid Metals Corp. Closes C$ 800,000 Private Placement
Not for distribution to United States Newswire Services or for dissemination in the United States
TORONTO, ON / ACCESSWIRE / June 4, 2020 / Grid Metals Corp. (the "Company") (TSXV:GRDM) is pleased to report that it has closed the previously announced non-brokered private placement of flow through units (the "FT Units") of the Company for gross proceeds of C$800,000 (the "Offering"). The Company issued a total of 5,000,000 FT Units of the Company at a price of C$0.16. Red Cloud Securities Inc. acted as a finder in connection with the Offering.
Each FT Unit consisted of one flow through share of the Company and one half of one common share purchase warrant ("Warrant"). Each whole Warrant entitles the holder to purchase one common share in the capital of the Company at a price of C$0.26 per common share for a period of 24 months from closing. The proceeds raised by the Company from the sale of the FT Units will be used to incur eligible "Canadian exploration expenses" that are "flow-through mining expenditures" (as such terms are defined in the Income Tax Act (Canada)), related to exploration of the Company's mineral properties.
In connection with the Offering, the Company paid aggregate finders' fees of $56,000 in cash and finders warrants to purchase 350,000 units issued on the same terms as the FT Units, as permitted by the policies of the TSX Venture Exchange.
Closing of of the Offering subject to receipt of regulatory approvals, including the acceptance of the TSX Venture Exchange. All securities issued pursuant to the Offering are subject to a statutory hold period of four months and one day in accordance with applicable securities laws expiring on October 4, 2020.
The primary use of proceeds is for a drill program at the East Bull Lake Palladium property located approximately 80 km west of Sudbury. The drill program will target a number of geophysical targets generated from the recently completed magnetotelluric survey over a portion of the property. Drilling is scheduled to commence the week of June 8th 2020.
This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.
Wuz just beginning to wonder whether (or not) any correlation existed.....
Probably (or at least evidently - judging from this morning), there isn't a very strong one
And nor should there be one really, right ?
For it's not like these juniors are Procucers
Also just noticed this
Hmmmmm......So - THAT and THIS red line ? - They're coinciding ? !.....nice !
Oh yeah - plus in that last post I ran outta time for including this kwik spec chart
Why it's almost lookin' like it could drop out of the wedge and head for the horizontal
THAT could generate some buys in the juniors (and, maybe some current sells) ?
Surprised Grid price has not reacted. Maybe later??
Didn't see why it dropped so much
Good interview on Palladium (discusses many issues and why good time to own
Thing to note about this chart is that GRDM is worth much more now than it was back when it was a multi dollars. Interesting
https://investorshub.advfn.com/uimage/uploads/2020/5/30/ecpsygrdm_jjjaaa17_IPO_mkt_caps_logo.jpg
That is some very good work nowwhat2. Thanks so much. Looking at all those charts / news showing how pps reacted it makes sense that
GIL is saying that the pps of GRID may double in a several weeks if the drilling results in a discovery confirmation.
I don't like how they did not hold the pps jump very well. I'd rather be a long time holder that flip it. But it it runs irrationally high will need to dump out and come back later. Tricky balance to manage.
Cool !....Wonder how they compare....
https://www.nsenergybusiness.com/projects/marathon-palladium-project/
One's certainly OLDER than the other....
I think they BOTH look good !.......(with Generation appearing to be actually further along ?).....
Plus with a HUGE giant Partner as well (Silbanye - The same ones that paid that small fortune for PDL)
Locate that PEA Breakout here :
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153252545
https://investorshub.advfn.com/Generation-Mining-Ltd-tsxv-GENM-37501/
https://www.google.ca/search?q=marathon+palladium&tbm=isch&ved=2ahUKEwjv7qjxotnpAhV1HDQIHQG2BLMQ2-cCegQIABAA&oq=marathon+palladium&gs_lcp=CgNpbWcQAzIECAAQGDoCCAA6BAgAEEM6BQgAEIMBOgYIABAKEBg6BAgAEB46BggAEAgQHlD_ntgHWIv3sDFguYSxMWgBcAB4AIABWYgBwg2SAQIyNZgBAKABAaoBC2d3cy13aXotaW1n&sclient=img&ei=uxrRXq-lKfW40PEPgeySmAs&bih=533&biw=1246
I think Silbanye paid 24 bucks for PDL
Want to highlight a comment made in GIL letter
But now the torque in the story is going to come from drilling their East Bull Lake palladium property, and they're starting in less than 2 weeks! The targets on this property are HUGE. A massive validation for me to get involved was when Grid landed David Peck as the new VP of Exploration in Q1. He was instrumental in building up the Lac De Iles mine at North American Palladium that they sold for $1B CDN in December, making him a highly coveted free agent.
I conducted a Zoom webinar with CEO Robin Dunbar and David Peck last week about East Bull Lake. They have a lot of data, and have conducted significant MT surveys, geophysical, and surface work earlier this year to firm up targets for this initial program. Peck breaks down the similarities to Lac de Iles' geology in the webinar, except he believes that East Bull Lake could be 5-6 times larger!!!!
Did you get that. Lac De Iles sold for $1 BILLION and he thinks East Bull Lake deposit could be 5-6 times larger
So according to Dr. Peck's comments Grid Metals has Multi BILLION dollar potential.
That would be over $20 CDN / share. Using $2B/ 83 million shares. Something to fantasize about.
Sounds like a good plan to me.
Sounds good to me. I'm just saying what I think. Buying shares in case I'm wrong, but will add more if we pull back. Good luck to us!
Well for me it is no about absolute best price. It is getting in at anything near this price while I could. Low OS means once this gets the attention of bigger fish, and it will, it has to move fast if they want in as it will not be a ton of shares for sell on the cheap. They are exploring so not much interest. Once they confirm a actual discovery what do you think will happen?
Like I said, I don't think it holds. All these calls fall after the initial spike. I could be wrong, so I'm adding a few more today just in case.
I have my doubts, but I'm adding in two accounts today. We're at the top so typical pump in that area (IMO). I wouldn't be surprised if we go back to .17-.20 CAD. However, would love to see that .35-.45 CAD call.
Gold Investment Letter GIL is promoting Grid to his free subscribers this morning with a buy up to $.20 USD. Hope to see that result in buying that at least holds current gains
Folks I highly recommend you listen with great intelligence to this video that nowwhat2 posted. This could be an exceptional investment opportunity.
https://register.gotowebinar.com/recording/viewRecording/8804685010164365315/3522406850132274443/kwiktrim@hotmail.com?registrantKey=5531581830919922444&type=ABSENTEEEMAILRECORDINGLINK
One of the interesting things said in the video was that they were once $100 million market cap with less then they have now. He just said that if they make the discovery they are hoping for it should be worth $100 million again. That is 10x from now.
Yeah - It WAS fairly-good or 1/2 decent waren't it ?.....
One had to get into the middle of it to see the maps and stuff but......
Me I just partially re-listened to it too ;
Revisited a few of the other company / charts mentioned (New Age / Palladium One / etc. ?)
Was quite keen on the sector a few months ago....
And it's possibly a reasonable idea to remain so !
What with the abnormally low price of oil ? No real heavy pressure to switch over to lithium.....
And hybrids use a LOT of PD
ca:NAM
4 months later...
Your video was older but had really good info. When I add the MT survey which was done after your video I am really pumped. This could turn into a life changing investment. Now watch and see.....
Listening to it now. I will say Dr. Peck's involvement and enthusiasm has alot to do with my optimism.
Man I hate counting on drill results !.....LoL
which video were you referring to - This one ?
https://register.gotowebinar.com/recording/viewRecording/8804685010164365315/3522406850132274443/kwiktrim@hotmail.com?registrantKey=5531581830919922444&type=ABSENTEEEMAILRECORDINGLINK
Yes do you see any reason that I should not be bullish? I don't sweat the volatility of a penny stock while waiting for progress that will have to take some time to develop. Only thing I am concerned about is if the drilling does not show any signs of 'discovery'. They seem to be very excited about the MT survey results and that they have a lot of confidence that the drill targets will show deposits. I am betting on it. Only time will tell. But moving from exploration to discovery is significant to pps. And we could be only weeks away from that transition.
Also they have a property with $2.5 Billion dollars of nickel and back in 2007 that property was valued at over $100 Million. This stock is now under $10 Million market cap so the potential here is HUGE
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Symbol | TSX.V: GRDM |
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Shares outstanding | 77.9 million |
Warrants | 27.7 milion |
Options | 4.6 million |
Fully diluted | 110.3 million |
Robin Dunbar, President
e-mail: rd@gridmetalscorp.com
David Black, Investor Relations
e-mail: info@gridmetalscorp.com
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