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Bullboard - Stock Discussion Forum 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... see more

TSX:PTM - Post Discussion

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Post by goldanalyst on Dec 10, 2020 12:11pm

Finally~

Been sitting on this number since $2.21 and now finally we are now getting our due!!

The present MC is about $400M!!! Still so damn cheap!!


•19.5 Million ounces of PGMS in RESERVES
• Rare Palladium dominant deposit with 45+ year Mine Life.
• Will be ONE OF THE LOWEST COST LARGE PGM MINES GLOBALLY
• SHORT DEVELOPMENT TIME FOR PRODUCTION BY 2024
• Annual steady state production rate of 420,000 ounces 4E.

• On site life-of-mine average cash cost US $640 per 4E ounce
• Post-tax NPV8 of US $982 million at DFS spot prices. (September 4, 2019)

What took everyone so long to find this gem??

GLTA
Comment by buyplatinum on Dec 12, 2020 7:06pm
Been here since late 2014. Been thru Maseeve flop, 2 reverse 1 for 10 splits. So I hope it runs awhile. Huge resource, I agree it's still cheap. Would be nice to see $ 10-12 us. What's your thoughts?
Comment by Barewood on Dec 13, 2020 2:39pm
Here's how I see it; PTM anticipates a 20.7% annual rate of growth after tax, its Waterberg mine life estimated at 45 years, 19.5 million OZ of reserve mineral, 45% ownership, and significant strategic investors, including: Implats 15% (World's third largest producer of Platinum), JOGMEC (Japan Oil, Gas, & Metals National Corp.) 12.95%, Hanwa Co. (Diversified Japanese Trading ...more  
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