Tuesday, August 17, 2010

Lac De Illes Mine has bright future

North American Palladium feels the Lac De Illes Mine has a bright future. A study on the Thunder Bay area mine was presented to its shareholders on Tuesday. President Bill Biggar says the mine could be producing 250-thousand ounces of Palladium by 2012. The company says it has 150 million dollars in cash for future projects and has no long term debt.