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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 buyplatinumon Nov 29, 2016 8:14pm
67 Views
Post# 25531068

RE:RE:RE:Sickly....

RE:RE:RE:Sickly....I thought you had 45 days to file your quarterly report but these guys seem to be a little different than most, quarter ends on Aug.31st here we are on Nov.29th. What a screwed up way to report.

Three months have passed, a whole another quarter and I still am not sure they have accessed block 11. One time they have accessed next time they are accessing, so who knows.

MD&A states their goal is to improve operational efficiency, advance underground developement and safely ramp up production at the Maseve mine with the objective of achieving positive cash flow in the 1st half of 2017 and half of it is already gone with probably no increase from Aug. to speak of.

MD&A also states lower metal prices, delays in production ramp up or a stronger rand could all result in requirements for farther financing.

And this is really good as stated in the Quarterly and year end statement with Palladium prices going up increased interest in Waterberg Prorect.

These guys are good even for Miners.
Bullboard Posts