The primary area of operation for Palladium One is Finland.
After decades of being essentially walled off to international miners, to the benefit of a few, large Finnish companies, the country has opened up, and miners have been finding many overlooked deposits
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There is less of a well established basis for valuing PGMs. Recently Paradigm Capital, in an analysis of the sector, suggested that US$30-70 per ounce would be an appropriate valuation for an ounce of PGMs in the ground. And that $50 (again, $50!) as an average could be used.
Using that metric, and applying it to Palladium One, based only on their 2019 indicated 636,000 ounces, the company should have been worth C$ 42 million a year ago. If you include the inferred resource, that would make the company worth C$0.61 a share.
But there is clearly a lot more than 1 million ounces of palladium equivalent at LK. An additional million ounces could make this a C$0.60 stock. Any drilling success beyond the current program would only increase the intrinsic value.
Shareholders would get a possible spin-out bonus, and there is the unknowable but fascinating potential of drilling success in the KS area. The management has been building value through the drillbit. It seems likely that, well before the time comes to discuss production plans, the company will be acquired. However things develop, the current price level represents an opportunity for gains.
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Whats coming down the PR pipe
Palladium One Seeks Trading on OTCQB Venture Market
Toronto, Ontario--(Newsfile Corp. - October 29, 2020) - An application for trading in the United States on the OTCQB Venture Market and in conjunction, DTC eligibility is being applied for, said Palladium One Mining Inc. (TSXV: PDM) (FSE: 7N11) (OTC Pink: NKORF) (the "Company" or "Palladium One").
"Providing broader and more efficient access for US investors to participate in our recent discovery success, will enhance our shareholder base as palladium demand continues to exceed supply for the 9th year in a row. Our LK PGE-copper-nickel project, located in Finland, is consistently demonstrating that it hosts a large-scale, shallow, mineralized system. Timing is ideal, to provide US investors with more efficient investment access," stated Derrick Weyrauch, President and CEO.
Application to trade on the OTCQB
The application to trade on the OTCQB is anticipated to provide greater liquidity and a more seamless trading experience for existing U.S. shareholders and potential new investors. Approval for trading on OTCQB would also provide exemptions from the U.S. state securities laws or "blue sky" exemptions which may help to further increase liquidity and expand the ability of investment advisors' to research and recommend investment in Palladium One.
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