Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 bigreturn11on Sep 24, 2019 5:40pm
297 Views
Post# 30160826

Breakdown of DFS Results

Breakdown of DFS Results
  • "Annual Steady State production rate of 420,000 4E ounces, which is a lower production rate than in the PFS. This result is by careful design in order to reduce capital costs and simplify construction and ramp-up." Simple math at $1,400 USD per ounce ($1,800 CDN) we get about $740,000,000 CDN in annual average production.

  • On site Life of Mine (LOM) average cash cost (inclusive of by-product credits and smelter discounts) for the Spot Metal Price scenario equates to US$ 640 per 4E ounce. Very low cash cost production. At $1,400 USD average per Oz, subtract cash cost and we are left with $750 USD ($1,000 CDN) per Oz.

  • Proven and Probable Mineral Reserves of 187 million tonnes at 3.24 g/t 4E for 19.5 million 4E ounces (using 2.5 g/t 4E cut-off). 19.5mm Oz x $1,400 is $27B USD or $25B CDN of feasible ore in the ground.

  • Read more at https://stockhouse.com/news/press-releases/2019/09/24/platinum-group-metals-ltd-announces-positive-independent-definitive-feasibility#eizvV8EKJoCXEZIt.99


Bullboard Posts