why platinum has soared to 17 month high, outf

At the junior end of the scale, Platina Resources (ASX: PGM) could be a contender to take advantage of soaring platinum prices if it successfully fast-tracks the development of its Owendale Platinum and Scandium Project in New South Wales.

It has seen some positive share price movement recently with shares moving 39% higher to today’s intra-day high of $0.057, up from a low of $0.041 a week ago.

Owendale is Australia’s newest platinum resource and the world’s highest grade lateritic scandium deposit.

Platina plans to fast-track development of the project, which hosts an Indicated and Inferred Resource of 12.7 million tonnes at 0.7 grams per tonne (g/t) for 287,000 platinum ounces and 10.1 million tonnes at 340g/t for 3,400 scandium tonnes

http://www.proactiveinvestors.com.au/companies/news/39347/why-platinum-has-soared-to-17-month-high-outflanks-gold-39347.html