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Platinum Group Metals Ltd. (Canada) T.PTM

Alternate Symbol(s):  PLG

Platinum Group Metals Ltd. is the operator of the Waterberg Project, a bulk underground PGM deposit located in South Africa. Platinum Group is listed on the NYSE American Exchange (PLG) and the Toronto Stock Exchange (PTM). Waterberg was discovered by Platinum Group and is being jointly developed with Implats, the Japan Oil Gas and Metals National Corporation (JOGMEC) and Hanwa Co. Ltd. Waterberg has the potential to be a large-scale, low-cost producer of palladium, platinum, rhodium and gold.


TSX:PTM - Post by User

Post by thinker1951on Jul 06, 2009 10:39pm
223 Views
Post# 16120450

Platinum price

Platinum priceHi to participants on this board. Got interested in ptm due to the recent 35 million raised. I was a little surprised by the large drop today of 3-4% in the price of platinium. It seems it got hit by the drop in precious metals and also the general market retreat due to the perception that the global economy will be slower in its recovery and markets have been overly optimistic about this recovery. I was half expecting this correction but my worry is that it has further to run. I will be watching ptm closely as they move forward with the ofs.I find this company very interesting. I was quite impressed with how quickly they have capitilized on their sa properties. The management seems to be movers and shakers with results.
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