With the gold price and platinum price remaining solid due to precious metal investment hedge against falling dollar the buyers moved into PLA late on friday. The drilling at Kalplats with a repeat of good intersections just high lights the massive potential of PLA. The potential economies of scale resulting from drilling WITHOUT CONSIDERING the Kalplats extension area must influence costs.
This company was making excellent money at $1000 before the wide intersection were found. I wonder what the story will be with improved economies and a further 30Km of exploration to do. Just looking at the 5km area shown in the diagrams the picture looks very similar to current drilling area. Current selling allows new investors in at excellent prices especially ahead of any mining permit granted for Smokey which should at least happen in 4th Q.
PLA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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