Waiting for news on MLA, Mine Start dates, Offtake agreements can be a right royal pain in the butt .. it can get very frustrating at times .. I share your frustrations.
However, I sense that the chickens are coming home to roost, when we least expect it. Updates tend to occur before AGM's to bolster the yes vote in most companies I'm invested in.
Not long to wait till the AGM to see if that's the case.
Once mining is started, you would expect to see increased Inferred, Indicated and measured JORC estimate numbers coming through the system as a function of more extensional drilling... expect to see deep drilling occurring to locate deeper seated ore bodies.
AUZ has attracted the fast money day traders .. I wouldn't touch it with a barge pole given the number of shares on issue apart from other considerations.
I am optimistic but I also am a realist .. albeit a confident realist.
In the meantime, view the maps below and see who the old and new neighbours are at Owendale and the possible beneficiation plant site might be. Remember that Platina is not gunning for DSO sales, beneficiated end product for maximum returns is the go.
How do you get the Capex? .. do a deal with the buyers.
Just my views above and I am happy to hold for the time being.
Maps next post
Cheers
HR
as usual DYOR , no pain no gain, however the pain can come if no gain.
PGM Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
(20min delay)