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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 Bigseeon Nov 10, 2016 4:17pm
94 Views
Post# 25446746

Pie in the sky, anyone?

Pie in the sky, anyone?
I don't really understand the motivation for coming up with unrealistically high valuations, given out current metals prices.  Or likewise, posting production expectations for a proposed mine development which are double what the company's own PFS says.   Then when a company doesn't meet these fantasy forecasts, it's "bad management", or "manipulation" which is to blame.  

Some poster see PTM's valuation as low, because they expect PMG prices to rise soon, or they see some risk discounts might be taken off the table in 2017, if/when Maseve turns to positive cash flow.  These theories I can understand.  They may or may not materialize, but those are the risks we all take.   I just don't see any benefit, or purpose, for unrealistic, pie in the sky valuations.
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