InvestorsHub Logo
Followers 16
Posts 1445
Boards Moderated 0
Alias Born 04/12/2018

Re: None

Monday, 12/28/2020 1:00:15 AM

Monday, December 28, 2020 1:00:15 AM

Post# of 48717
Global primary refined palladium production totaled around 7.5 million ounces, or approximately 210 tons, in 2019. The palladium market is currently dependent upon a few large producers in Russia (Norilsk Nickel) and South Africa (Anglo Platinum, Sibanye-Stillwater, Impala Platinum).

https://www.amecamining.com/platinum-elements


Russia is having trouble right now with old polluting methods of extraction. And their logistics SUCK. Difficult and expensive. Even considered using decommissioned nuclear submarines for shipping.

https://en.wikipedia.org/wiki/Nornickel


SBSW is doing pretty well. Market Cap 11.621B $15.72 PPS. Was in the 8.00s range 6 months ago while we were starting to get traction.
Operating multiple mines in South Africa.


https://finance.yahoo.com/quote/SBSW/

https://www.sibanyestillwater.com/business/southern-africa/pgm-operations/rustenburg/


According to Ameca website, these are the competition and comparison on palladium (PGM- platinum group metals)

SBSW also has multiple gold operations that are in full production and extensive facilities.

While we do have a great amount of the highest grade graphite on the planet. AMeca is just starting out. Multiple year PPS predictions are getting pretty high here. I think reality is likely below $10 long term.

I think getting over $1 in 2021 will be a giant hurdle. But very doable. There may be a spike much higher but we will need a lot of consolidation to hold it above $1 any time soon.

Just my opinion here.