PlatreefJust to refresh your mind.
Earlier this year , RR on Platreef Project :
“We’re not mining anywhere near the cut-off grade,” he said. “We have the ability to mine the highest grades first ... so I view this as quite doable compared to the challenges we had at Oyu Tolgoi.”
“Compared to the existential dilemma of financing Oyu Tolgoi ... [where] there was no water, there was no electricity, there was no trade labour, no 50-year investment agreement with the government ... this billion-dollar project will be readily financeable with banks.”
“This is probably the world’s best platinum project, and I don’t know of anyone on this [conference] call ... who would argue that proposition,” Friedland concluded. “We have the highest platinum-to-palladium ratio, we have the highest endowment of base metals ... we are basically flat, high-grade and thick. We have a railroad in our backyard. We have a labour force ... we’ve had significant support from the African National Congress and our local community. So looking at the aggregate, maybe we should be in a different business like Facebook, but in the real world, it’s good to be big and thick and flat".