Today, the Dow Jones is down 377 points or 1.53%, the NASDAQ is down 85 points or 0.95%, gold is down $19.60 or 1.14%, silver is down $0.215 or 1.42%, and even copper is down $0.038 or 1.61%, but palladium is up $35.04 or 1.80% and platinum is up $3.99 or 0.52%.
In NIA's opinion, platinum is currently the world's #1 most undervalued precious metal. On March 16th, the platinum/gold ratio bottomed at an all-time low of 0.39 and it has since bounced by 17.95% to a current level of 0.46! Since 1998, the average platinum/gold ratio has been 1.352, which is 193.913% above its current level!
Benton Resources (TSXV: BEX)'s 19.68% owned Clean Air Metals, which is about to go public on the TSX Venture exchange under the symbol AIR, is the owner of Thunder Bay North/Escape Lake the only high grade palladium project in North America that has 1 oz of platinum for every 1 oz of palladium! BEX also owns a 0.50% NSR royalty in Thunder Bay North/Escape Lake!
The Executive Chairman of AIR, Jim Gallagher, was CEO of North American Palladium in December 2019 when it sold for CAD$1 billion!
If we compare Thunder Bay North/Escape Lake to North American Palladium's nearby Lac Des Iles Mine, Thunder Bay North/Escape Lake has platinum grades that are 5.28X higher than Lac Des Iles!
If we compare Thunder Bay North/Escape Lake to Generation Mining (CSE: GENM)'s 51% owned Marathon Project, Thunder Bay North/Escape Lake has platinum grades that are 6.57X higher than Marathon!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA's President has purchased 1.05 million shares of BEX in the open market. He intends to buy additional BEX shares prior to Clean Air Metals going public. Sometime after Clean Air Metals goes public he intends to sell his BEX shares for a profit. This message is meant for informational and educational purposes only and does not provide investment advice.