RE: RE: CPCThere are 107 M shares I/O with insiders holding ~ 60-70%
There is a potential for 1 M ozs of Platinum, but no resource calculations / reports yet.
I would expect further drilling this winter will provide more geo data to compile some numbers / tonnage.
Below are 14 reasons why I consider Canadian Platinum a company worth investing in:
1. Canadian Platinum has Canada and the World’s newest significant platinum discovery.
2. Saskatchewan is one of the most stable mining environments in the world.
3. The Swan Lake Complex is the world’s largest unexplored ‘Bushveld’ like complex.
4. Ultramafic rock is the host rock for platinum group metals. The Swan Lake Complex is North America’s largest ultramafic complex.
5. Management has a great track record of new discovery prospects.
6. Management was the founders of Anglo Potash.
7. Management represented the first junior potash project in Saskatchewan (Anglo Potash).
8. Anglo Potash signed a deal with BHP as a partner in 2006.
9. Anglo Potash was bought out for $284 million in 2008.
10. BHP is developing the world’s largest potash mine on Anglo Potash’s Jansen Lake site.
11. “Saskatchewan has some of the best platinum group occurrences in Canada if not the world” – from the Geological Survey of Canada.
12. South African production of platinum group metals is becoming more unstable and unreliable with every passing day.
13. Over 76% of the world’s platinum group metals come from South Africa with the current and real threat of nationalization looming.
14. Demand for platinum group metals is forecast to grow as the auto catalyst and jewellery markets expand in India and China (catalytic converters are used to reduce CO2 emissions in vehicles).