Thanks eurovince, that's great news. They have also said they are ramping up production and expect to be in full production at Smokey Hills in March. That's 95,000 ounces of 4E PGMs per year.
Now all we need is for platinum to keep rising. I estimate every 1% rise in platinum adds at least 2.0% to PLA's bottom line. Another 10% on platinum should put PLA's margin at US$450
US$450 x 95,000 = US$42,750,000 pa (more than half the market cap)
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