Barclays Bk PLC iPath Dow JonesUBS Platinum Subindex Total Return ETN Exp 24th Jun 2038 V.PGM

RE:RE:RE:Buyout target?

[ViperX]

PGM has a resource today at around 3,1 Moz (indicated and prob.) plus 0,5 Moz inferred. They are gonna focus to grow this numbers by aggresive drilling from underground. Managment are convinced they are sitting on the same type of deposit as Red Lake mine. Test drilling has showed strong evidence for this scenario. And RL build Goldcorp. Rob McEwen is a major owner together with others i.e. Sprott. If they do find the same type of resorce and can crank up production-estimate we´re having a totaly new situation visavi today. PM mining sector is still unloved by investors even as gold moving fast and will likely continue to do so in these uncertain times. When money start moving into this sector majors will benefit first and juniors later. 
And since managment clearly has stated that they are gonna prove the above before any discussions of M&A, I stick with my prediction with a time frame of 18-24 months.