Soaring palladium prices boost Platina’s Greenland options

The Sydney Morning Herald.com reports that the increasing price of Palladium is buoying Platina Resources’ (ASX:PGM)  projects in Greenland.

The story is quoted as saying:

Up until recently the real shame was that Skaergaad’s 6.4 million ounce palladium resource, sitting some 30 metres below the gold resource, was not going to be worth mining. But that has all changed with palladium prices taking off in the past 12 months, soaring from $US353 an ounce to more than $US700 an ounce in response to supply fears.

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