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Platinum Group Metals Ltd T.PTM

Alternate Symbol(s):  PLG

Platinum Group Metals Ltd. is a Canada-based platinum and palladium focused exploration and development company. The Company is the operator of the Waterberg Project, a bulk underground palladium and platinum deposit located in South Africa. The Waterberg Project is located on the Northern Limb of the Bushveld Igneous Complex, approximately 85 kilometers (km) north of the town of Mokopane. The Waterberg Project covers an area of approximately 29,161 hectares (ha) consisting of the Waterberg Mining Right, one active prospecting right, and one application for the incorporation of two adjacent farms into the Waterberg Mining Right. Of the total project area, 20,482 ha are covered by the Waterberg Mining Right. Waterberg is a joint venture between the Company, Impala Platinum Holdings Ltd., HJ Platinum, which consists of JOGMEC (Japan Oil, Gas and Metals National Corporation) and Hanwa Co. and Black Economic Empowerment (BEE) partner Mnombo Wethu Consultants (Pty) Ltd.


TSX:PTM - Post by User

Bullboard Posts
Comment by Minefinder1on Apr 11, 2011 10:00am
372 Views
Post# 18412881

RE: RE: RE: Platinum is over $1800 now

RE: RE: RE: Platinum is over $1800 nowWould tend to agree with your call on platinum (and the precious metals in general) but might, based on your description question your selection here - a mere double on PTM would be a "huge win" for any that have watched this perform over the last 5 years (and would only take it back to 2007 levels) but with major dilution in the way of either equity or debt that would be difficult to image during the current upswing. If your looking to play something that's significantly undervalued this might be the one but then mangement has been making that call for 5 years - at some point the market has to be right. Good luck
Bullboard Posts