“We believe we are undervalued compared to our peers,” Kininmonth says. “You would have to form a view about where you think our resource is going, but I think it’s fair to say that the leadership team believes the project has significant resource growth potential which will be realised when we release our new MRE in May.“We are also on granted mining leases, right next to a well-maintained major highway, there’s a port within 300km, and potential access the hydro scheme up there.“We also have a very strong management team across geology, processing and corporate.“We aim to be the first PGM player in production in Australia.”
“The other thing we haven’t been talking much about is the other noble elements, particularly rhodium and iridium. The high-grade resource has a fair amount of rhodium which is currently selling for around $20,000/oz.“You don’t need much of it to improve the economics.
FME Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
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