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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 rockhound73on Nov 16, 2013 2:02pm
109 Views
Post# 21912840

RE:7 month break out.

RE:7 month break out.We're going to get drilling and assay news every week to keep up the momentum. It looks like the thickness is going to be on the high side so your 140 milllion ounce educated guess is a possibility.  So, I'd be real surprised if we aren't in the $2-3 range by the end of this year.

The race is on to establish the size of the resource, so that a share issue option wouldn't require a lot of shares. My guess is we're finally out of the woods, in spite of the BEE sting.

I'm into my 11th year of waiting, so what's a couple more months here and there.  LOL
Bullboard Posts