Platinum worth US Billions for all 3Hi,
POM/ PLM investors perhaps should look at what the Platinum Group Metals is worth.
As I have posted over at Franconia board:
US Producer Platinum #3 with US$2.5 Billion
In an earlier presentation, Polymet stated that they will become the second US producer of Platinum Group Metals. Franconia will follow of course, and from what I can see in the Comark Report, FRA have the most potential Platinum production of the three companies including POM/PLM, DM and FRA.
This shows that FRA could produce total of US$2.5 Billion Platinum Group Metals, over a 26 year mine life, (at current metal prices)
Using production figures from Comark report: (See below for comparison with other companies, noting that FRA does not include Spruce Road)
Amazing for a Junior with such a low market cap. Also to consider that this tremendous value accounts for only 10%n of what FRA have along side their massive Copper/ Nickel.
As a side note:
Worlds fourth largest producer, that I am familiar with, AQP Aquarius Platinum plan to produce 600,000 PGM Ozs per year.
Assuming there is PGM at Spruce Road, in addition to Birch Lake, then FRA could be a producer of around 60,000 Ozs per annum which is 1/10th of AQP.
Now AQP market cap is nearly $3 Billion (20 times bigger than FRA)
FRA market cap is around $150 million
Platinum revenues are not significant in the wider scale for FRA – they only account for 1/10th Annual Revenue.
Given that FRA’s world class resource has so much else to offer, I suggest that in several years, Franconia will overtake AQP in terms of market cap.
Comark Report
