Replies to post #10639 on North American Palladium Ltd. (fka PALDF)

[C C]

latest...6-k

4. ACCOUNTS RECEIVABLE

Accounts receivable consist of the following:



At March 31
2015 At December 31
2014

Accounts receivable
$ 66.0 $ 75.2

1 As at March 31, 2015, a total of 4,100 ounces of past palladium production delivered and sold to a smelter, was priced using forward prices for the month of final settlement at an average price of $1,043 per ounce of palladium (December 31, 2014 – 12,800 ounces of past palladium production at an average price of $942 per ounce).

Accounts receivable represents the value of all platinum group metals (“PGMs”), gold and certain base metals contained in LDI’s concentrate shipped for smelting and refining, using the March 31, 2015 forward metal prices and foreign exchange rates applicable for the month of final settlement, and for which significant risks and rewards have transferred to third parties.

All of the accounts receivable are due from one customer at March 31, 2015 (December 31, 2014 – two customers). A reserve for doubtful accounts has not been established, as in the opinion of management, the amount due will be fully collected. The Company is not economically dependent on its customers, refer to note 15.







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[C C]

PALDF...see how they got $ 1,043.00.....price represents palladium, gold and other base metals pulled out of the ground.......they didn't get $ 1,043.00 for just palladium

Accounts receivable represents the value of all platinum group metals (“PGMs”), gold and certain base metals contained in LDI’s concentrate shipped for smelting and refining, using the March 31, 2015 forward metal prices

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