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Platinum Group Metals Ltd T.PTM

Alternate Symbol(s):  PLG

Metals & Mining Industrial Metals & Minerals
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

Platinum Group Metals Ltd
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Comment by JohnRBon May 17, 2012 1:45pm
191 Views
Post# 19921584

RE: RE: Platinum Group Metals is a Sector Outperfo

RE: RE: Platinum Group Metals is a Sector Outperfo

The offtake agreement and Financing are due in Q2, so any takeout offer if it will happen, I would think would happen in the next few weeks.  Given end of q2 is 6 weeks away.

 

Offtake arrangements for concentrate, planned for Q2/C2012;Completion of a US$260 million mandated senior loan facility, planned forQ2/C2012; and,

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