PGM (ASX) Ann: Final results confirm high grade scandium and cobalt content

Originally posted by olympian ↑

GGG has RECENTLY attracted a JV partner for its Uranium and REEs deposits in Greenland, when both mineral classes are at multiyear lows, and recently seen its sp grow from a low of 2.8 to high of 19.5 over last 12 months ON ITS GREENLAND assets. Current sp of 10.5 represents a market cap of 110 mill bucks on what are still seemingly "worthless" resources.

IBG a more recent Greenland play has gone from 4 to 12.5 with current sp of 7 representing 40 mill MC on an early Greenland Zinc play not yet defined.

I am sure there are others inc Canadians who see Greenland as a most favourable new jurisdiction cf to others now.

PGM have NIL value assigned to its Skaergaard resource, one of the worlds largest known undeveloped precious metal resources.. And you wanna give it away for NIL after millions already spent to define it, and just waiting for the right market conditions after a 7 year resources bear?

U guys obviously don't look at Palladium which has recently risen 30 pct to 16 year highs or consider we have a world class deposit which Friedland would love to have am sure. When the 2013 scoping study was done pms prices were much lower than now and this project was put on ice looking for better days. You really should look at that scoping study Sep 2013 report and note even the recommended mining and processing on site an intermediate product suggested. We are pretty advanced already there. Well bros better days are here and more coming in the pms scene.

So sure, I agree, get Greenland "worthless' assets out of PGM into a separate entity but one which WE OWN for zilch and don't worry about. You can continue bagging the boys re Owendale and you wont have to worry about anything else. Let me worry about where the real riches will come from over next coupla years on this extreme leverage massive free call option on precious metals in what I think will be a rising new bull market for that sector. And it can all be done cheaply for us from here.

Oh, I will still have my PGM / Owendale equity cos that's already on an auto projectory from here, probably towards a couple of bucks a share but boring. Don't you want a shot at serious money ?

Anyway from the Dec Qtr report :

Skaergaard Gold & PGM Project The Company is pleased to advise that EL 2007/01 has been approved for a further term of 3 years, expiring in December 2019 and the Company plans to carry out a program development review in the second quarter of 2017 in conjunction with a site visit in July/August 2017. The Skaergaard Gold & PGM Project is one of the world’s largest gold resources and has an Indicated and Inferred Resource estimation (in accordance with the JORC Code 2012) of 202 Mt @ 0.88 g/t gold, 1.33 g/t palladium and 0.11 g/t platinum at a 1 g/t gold equivalent (AuEq) cut-off grade and minimum mining thickness of 1.0 m. The project is 100%-owned by Platina Resources. The Indicated and Inferred Mineral Resource reported in the June 2013 quarter has a combined total of 5.7 million ounces of gold and 8.7 million ounces of palladium and 0.69 million ounces of platinum confined within three reefs (H0, H3 and H5) of the Triple Group. The Triple Group is the major location for all the gold and platinum group metals (pgm) mineralisation within the Skaergaard Intrusion.

That JORCed portion is within a larger envelope, and also likely to contain a higher grade core. You sure could raise an IPO on this where serious players understand such asset as base looking to expand. All I want is PGM shareholders to own most of this as we already do, not give it away, with new shareholders taking an IPO for the next phase of operations funding.

Most of the exploration work has already been done at Skaergaard. Millions of bucks and ready to rock with pms prices which are in motion now.

Anyway, PGM have already renewed for 3 years and intend to start doing some work on it again this year. That's responsible and in our best interests I note directors options also have a life til end 2019 from memory.

Munni Munni was given away last year when we had no cash, with small free retention cos of holding costs in Oz. Wonder if it would have been given away after raising the 11 mill in cash. There's prob lots Cobalt there too. Reckon Greenland will be bending over backwards to support new projects and Iceland is already considering a power cable from its geothermals. And we should start seeing pms sector revving up soon for a major run til end 2019 as well if u believe the experts. I'd say the stars are aligning.

And don't forget we are an exploration company and good at it. If anything Owendale should be sold or JV'd with a development entity and the "worthless" assets upgraded for a billion buck later sale.

But that's the Olympian vision. Sad if u cant see it.

OWEP

OK I know its hard to handle one thing at a time ...... so lets spin it off so we can have a separate thread on it haha.

Expand

Here is a link to a mine in Siberia. It has way worse conditions and talk about isolation.

https://www.rbth.com/multimedia/pictures/2015/11/26/kupol-mine_544629

Nothing is impossible, all we need is government funding to a degree. I also notice that jobs are low over there too. It would be a win win for both Greenland and PGM.

Anyway, just saying it can be done. Maybe I'm wrong and feel free to add positives and negatives. Maybe I'm dreaming but who knows hey?

DYOR & GLTA

No.	Vol.	Price($)
3	217714	2.4¢

No.

Vol.

Price($)

217714

2.4¢

Price($)	Vol.	No.
2.5¢	57117	1

Price($)

Vol.

No.

2.5¢

57117

No.	Vol.	Price($)
3	217714	0.024
3	273047	0.023
3	213909	0.022
1	369002	0.021
4	561613	0.020

No.

Vol.

Price($)

217714

0.024

273047

0.023

213909

0.022

369002

0.021

561613

0.020

Price($)	Vol.	No.
0.025	57117	1
0.027	200000	1
0.028	1	1
0.029	300000	1
0.030	363135	2

Price($)

Vol.

No.

0.025

57117

0.027

200000

0.028

0.029

300000

0.030

363135

(20min delay)
Last 2.4¢		Change -0.001(4.00%)		Mkt cap ! $14.95M

Open	High	Low	Value	Volume
2.5¢	2.5¢	2.4¢	$22.30K	899.0K

Here is a link to a mine in Siberia. It has way worse conditions...

Geochemical work at Newington picks up gold and copper anomalies for Midas

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Here is a link to a mine in Siberia. It has way worse conditions...

Top Stories

Geochemical work at Newington picks up gold and copper anomalies for Midas

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News