Three years ago, Harry Barr couldn’t get anyone to even look at New Age Metals (NAM:TSXV) flagship property, the 100% owned River Valley Project, one of North America’s largest undeveloped Platinum Group Metals Projects, situated 100 kilometres from Sudbury. Â
But with Palladium at $US 2,100/oz and River Valley sitting on 2.9Moz Palladium Equivalent (Measured & Indicated), things have changed significantly, including the fact that Eric Sprott has become a strategic shareholder with 18.56% ownership. Â
WAIT … THERE’S MORE Â
NAM’s 2019 Preliminary Economic Assessment highlights include a 14 year mine life, resulting in an annual average payable Palladium Equivalent production of 119,000 ounces. Â
WAIT ….. THERE’S ONE MORE THING Â
The PEA assumed a Palladium price of $US 1,200, which is now 75% higher at $US 2,100. Â
With NAM now using their war chest to further drill River Valley and follow-up on recommendations from the PEA, there is reason to believe this story is only going to get better. Â
Grab your favourite beverage and watch this interview with NAM CEO, Harry Barr.
Tags: CSE, palladium, PGM, PGM Demand, Platinum