PLA is one of those companies that is due for a nice re-rating imho.
The future for this company could not be better and with first production due in a couple of months of their first PGM mine, the timing could not be better.
Rhodium, Palladium and Platinum are in high demand and will be in foreseeable future and production can not keep up.
The prices of these rare metals have already gone up tremendously in the last few years but are still going to rise more according to the experts.
PLA with their Smokey Hill mine and the even larger Kallplats resource is nicely positioned to reap the benefits from these high prices.
And if you worry about the power shortages in South Africa its good to know that Smokey Hills mine has its own power back up, and that Kalplats will be an open cut mine that will be far less effected by any power problems then other mines which mostly conduct underground mining.
And the best is that PLA is still undervalued imho and that brokers have a current price above the $3 attached to it.
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