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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 Bigseeon Dec 10, 2016 1:26pm
104 Views
Post# 25580536

RE:RE:RE:RE:PTM buy-out potential

RE:RE:RE:RE:PTM buy-out potential
Metalcaster wrote: If they were to plan mining for 20 years thats 2 million ounces per year rather than the 755.000 in the PFS.


If metals prices rise significantly enough, that should not only add to per ounce revenue, but to your point, add (somewhat) to the number of ounces which can be economically mined and processed.  15% more?  25% more?  Who knows. I guess that depends of how high prices might go.  If you to continue to believe that 2-3 times the resources which are set forth in PFS can be "economically mined" you do so at your own financial gamble, as none of us has the cost factors associated with the additional ounces to back up that assertion.  
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