RE:PTM v. Stillwaterhomerun05 wrote:
I was looking at Stillwater's latest information and the ounces produced and cost figures are not all that different then what PTM is targeting in the next year or so.... (leaving out Waterburg)
So, we know the actual production and cost figures for Maseve? I haven't seen that.
In addition to not knowing about PTMs production,yet, there is a heck of a lot of difference between SWC and PTM.
-- SWC is an established miner,
-- who just made a quarterly "profit" in Q3,
-- who has not only not needed to do an equity offering, but has been paying down their debt,
-- who has $440M in cash and liquid investments on hand,
-- and who is "ahead of schedule" in their mine expansion project (Blitz), scheduled to start producing late 2017 to 2018.
But probably the most important difference, in my mine, is that I am far into profit on my investments in SWC. I sure can't say that for my PTM gamble.
I'm not suggesting that anyone go out and buy SWC at $13, especially if PGM prices stay depressed. But I'm glad that's what I decided to accumulate in Q1(below $6).
On a different note, might I request that we keep political opinions to a political message board, rather than this one.