PGM 0.00% 2.1¢ platina resources limited

Cyclopes I agree or at least he is not getting good advise from...

  1. 134 Posts.
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    Cyclopes I agree or at least he is not getting good advise from his consultants, there are no employees that I can see.

    My read of the quarterly is Simulus / AUZ is selling the demo plant and Platina is the sucker. How anyone can even think it is remotely possible that a demo plant could produce revenue is beyond reason. The costs to operate something at this scale are significant, my experience is ~$25 - 50,000 / day taking into account all inputs including ownership costs. This does not include mining and transport of sample.

    That means about 16-30kg of scandium oxide production at $1500/kg is needed to just cover costs.

    The Platina board needs a shake up and some real project development experience, the sooner the better. Hopefully that will occur sooner rather than later and rational realistic decissions will begin to occur. The project is too good to be mismanaged like this!
 
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