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TheWallStBull

10/31/10 5:23 PM

#6507 RE: cjstocksup #6501

EXACTLY ..CJ ..one thing folks are forgetting or not sure they know about is this is different then mining in North America...Russia and the surrounding countries lead the world in Palladium mining and reserves

Ive posted this already but many either dont understand or dont know..

what many dont know also is that Palladium is one of the biggest metals mined in Russia and Ukraine as well supplying most of the world

May 19 (Bloomberg) -- Russia, the world’s biggest palladium producer, may have exhausted state inventories of the metal, removing a key source of global supply, according to OAO GMK Norilsk Nickel.

Sales from state stockpiles reached 960,000 ounces last year, the third-biggest contributor to world supply after mine output from South Africa and Russia, according to Johnson Matthey Plc. The scale of the government’s stockpiles of the metal used in auto catalysts, electronics and jewelry are a state secret. Norilsk is the world’s biggest producer.

palladium is making a huge comeback in the jewelery industry because of the high price of white gold and platinum..most i see on a daily basis opt for palladium weeding rings for a better diamond..as the cost is getting to much for rings and such..palladium could be mined here as well with SAEIE...

Not sure if anyone remembers this but FORD bought a huge stockpile along time ago from russia since the metal is used in catalytic converters....the palladium market crashed once the russia flooded the market causing FORD to lose $1 billion...However palladium is making a comeback as i mentioned above and SAEIE is in the region that procures alot of it.


point of what i am saying is this....there is alot of other metals that are mixed with gold ..including but not limited to..lead, silver palladium and others...There is more money to be made then just gold here folks....Do some DD AND YOU WILL REALIZE and you will realize why mining in the Ukraine is huge..