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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
Post by gruntov1on Feb 02, 2017 4:21pm
163 Views
Post# 25791749

PTM has done better than expected

PTM has done better than expectedafter the recent share additions.
 At least IMO.
Hopefully all of the bad news is out, and baked into the low share price.

I think when all of the insiders and friends have gorged themselves on the bargain price, that this could be a rocket going up. There shouldn't be a lot of free trading shares that are not in for the long term. If so, we will not be able to add to our positions anywhere near the current price.

Both platinum and palladium are way underpriced vis a vis their longterm normal relationship/ratio with gold. If platinum continues it's recent strength, 2017 will be a good year for us.
Bullboard Posts