Post by
alwil106 on Mar 19, 2019 7:31pm
Another Two Pd Plays
Wallbridge WM with Lonmin ES a shareholder and Enviroleach Tecbnologt ETI had a pop today, Mineworks MNX to use the process for catalytic converters Pd recovery. I suppose something like Srillwater..
Comment by
macdtrader on Mar 19, 2019 8:29pm
It doesn't seem anything else out there is better than what we've got.. Might as well stay put.
Comment by
macdtrader on Mar 19, 2019 9:08pm
ETI looks interesting but in still not anywhere near a full production stage. It can't touch the steady gross margins and ROE we make here at this stage. Certainly one to watch, since it can scale into any metal. They mention wanting to be very diversified so no different than being with a diversified miner making a fraction of PDL profits.
Comment by
macdtrader on Mar 19, 2019 10:20pm
I like everything about PTM except the location. Had money in Diamond Works years ago and a great property. The natives got restless and people got killed. The mine had to shut down for awhile and I lost a lot of money. Africa is a dangerous place to invest.
Comment by
macdtrader on Mar 19, 2019 10:48pm
PetroLoonie the best part about PTM is they don't come on line until 2024. It seems there is no real new production showing up for several years. Also the CEO for PTM feels the Pd shortage is structural and not a short term event.
Comment by
alwil106 on Mar 20, 2019 5:31am
I do like@ PTM, Ivanhoe mines IVN will reach a mine depth 700m to 1200m by early 2020 producing 476,000 equivelent pd pl ounces, holdings 64%, near term low cost producer and has a large high grade copper project in the Congo. If you want to take a gamble on Africa it is one worth considering.@