The Financial Post reports in its Friday edition that Brookfield Asset Management is laying the groundwork for the possible sale of one of the world's only dedicated palladium companies even as prices for the automotive metal soar. A Bloomberg dispatch to the Post says that Brookfield is the majority owner of North American Palladium Ltd., whose main asset is a mine near Thunder Bay, Ont., with reserves of 21 million metric tonnes. Brookfield's involvement began in 2013 when the company almost collapsed amid a poorly conceived expansion. What began as a $130-million loan became a 92-per-cent equity stake after the company's situation deteriorated further and it failed to find a buyer. Since then, North American Palladium has redesigned the asset and managed to post its first quarterly profit in six years as prices of the precious metal rallied. Brookfield managing partner Peter Gordon, who is also chairman at Northern American Palladium, suggested the firm would look to exit once its strategy is achieved. "We're disciplined investors," he told Bloomberg. "When the turnaround is complete and we feel the company's value is fairly reflected in the share price, we'll consider our opportunities and alternatives."