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


Primary Symbol: PGMFF

Barclays PLC is a diversified bank with five divisions comprising Barclays UK, Barclays UK Corporate Bank, Barclays Private Bank and Wealth Management, Barclays Investment Bank and Barclays US Consumer Bank. The Barclays UK division represents businesses that sit within the United Kingdom ring-fenced bank, Barclays Bank UK PLC and its subsidiaries, and comprises Personal Banking, Business Banking and Barclaycard Consumer UK. The Barclays UK Corporate Bank division offers lending, trade and working capital, liquidity, payments, and FX solutions for corporate clients. Barclays Private Bank and Wealth Management division comprises the Private Bank, Wealth Management, and Investments businesses. Barclays Investment Bank division incorporates the Global Markets, Investment Banking, and International Corporate Banking businesses. Barclays US Consumer Bank division represents the United States credit card business, focused in the partnership market, as well as an online deposit franchise.


OTCPK:PGMFF - Post by User

Comment by Megamisteron May 27, 2021 9:25am
218 Views
Post# 33274536

RE:re-rating coming for PGM

RE:re-rating coming for PGMGiven PGM's target production levels for it's estimated (current) 12 year mine life, PGM tops out at a target of 125,000 oz of production in 2025 which includes 8 zone hygrade gold.

Given this "target" level of production, PGM is not likely to be (become) a mid tier producer with annual production >250,000 oz. to <1000,000 oz.

Need to remember that the 8 zone hygrade ore body is currently "estimated" to contain 301,000 oz of gold.

Obviously PGM's production plan (and status as a producer) can change depending on additional drill results from the 8 zone, Wedge, Russett, Treasure Box, etc., and the physical limitations of the mine's 800 tonne mill and associated recovery systems.     

I sense that any interest in taking over PGM woud be more for its land holdings than for it's production. I could be wrong on this. We shall see.

Without a doubt, commcialization and achieving "self sufficiency", upon occurrence, will benefit PGM's share price.  

    



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