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.
PGM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
