PGM 0.00% 2.4¢ platina resources limited

3rd q activities and cashflow out, page-5

  1. 101 Posts.
    I challenge anyone to find a better stock on the ASX.

    Was chatting with a mate of mine who works at a brokerage, of the 50m ounce resource, it's approximately 15% Platinum (now approx $1329 per ounce), 25% Palladium ($385 per ounce), and 65% gold ($692 per ounce).

    Worked out an in ground value of $37,270,000,000 using spot prices at the moment. Divide that by 31m shares and it's US$1200 per share in the ground.

    Even giving 50% away to pay to dig the stuff out, I'm quite happy to pay A$1 per share to buy US$600 worth of dirt!

    Not to mention all the other projects. This puppy will be huge.
 
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