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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

Comment by Leakydinghyon Dec 18, 2009 2:31am
286 Views
Post# 16599888

RE: RE: RE: RE: RE: Platinum Group Target Raised T

RE: RE: RE: RE: RE: Platinum Group Target Raised TGecko, From your post it sounds like selling is a foregone conclusion. If that's the case, and we admit it, then we are kind of boxing ourselves aren't we.

What bothers me a is the mixed messages that are sent by the company. Since Dec 9, 2008 (Press release) they have talked about strategic alternatives, including recently on BNN. It's now Dec 2009 and it's still dangled out as a positive. Selling is always an option in business if the price is right so that's not even worth mentioning to me.

It starts to sound non committal to me after a while. IMO

I went to the website and you have to click n the "Company" tab to read that ... "The Company is focused on moving its first, high-grade, near-surface Western Bushveld Joint Venture (WBJV) platinum deposit to production."

This to me should be on the Home page. Page 1. Also, that they have a shallow 22 year mine life with 275,000 oz of 4E per year. Moving towards production. Start yelling that to the world with Platinum prices at $1400.

JMO

Leaky

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