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Winfield

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19/11/17

13:55

Post #: 28928654
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Originally posted by PovertyBoy ↑

Value drivers for me different from many on here I suspect.. Munni Munni thats keeping me nervy at night... Thats not to say Scandium, cobalt, nickel wont drive value, just that they wont do it overnight.. Drilling to extend cobalt will happen in the new year, (I was going to ph management about this as I did suspect that no further drilling had been done-last resource upgrade was fairly recent- but good to see new year committment- and yes a serious value driver) I would guess though that if this was the sole speculative driver for Platina right now, then now might be a good time to book some profits before the new year..

But announcements might flow from Munni Munni with a fierce rapidity and this will have serious ramifications for the Platina share price. ARV will develop and move quickly on Munni for he following reasons.. ML on the tenement, PGM deposit underneath the conglomerate, also ARV wanting to reduce pure exposure to conglomerate story. Developing quickly gives ARV management maximum time to access the potential and whether they want go through with the purchase..

Potentially very large PGM deposit. Imagine if the overburdem was 7 m at 20gpt gold... You are looking at a very very profitable and sure to be devoloped project.. We are close enough to Purdeys to speculate that immature conglomerates may extend in our direction. Imagine if Munni munni became ARVs no 2..

Then there are these speculative factors
Greenland approvals on other devolopment projects
Raise in precious metals prices. (Platina Put ice queen)
CLQ devolopments and possible T.O approach.. (you never know) Also we have a DGR guy on our board... The people in the know, know.. Platina has been around an age.
An offtake for Scandium causing.....
A major wanting to help devolop scandium (double whammy of tier one projects- if you think the ice queen -Skaergaard-might be devoloped then PGM scrip is gold. Major could pickup for scandium cobalt and create a clause for operating Skaergaard at a later date..

But my prediction is this. Nugget find on Munni Munni that causes people to speculate. As money starts to come through the door, people are finding out about AUZ/CLQ scandium exposure and Greenland.. The fact we are massively undervalued on this..... mkt cap 50 million.... ARV prioritising Munni Munni, and at this point it becomes impossible not to acknowledge the work Platina has put in (I think 70,000m of drilling in Greenland, plus the worlds highest grade scandium deposit hosted in laterite, all drilled out already... A prospective explorer with good prospects 15mill mkt cap...

To many potential triggers for serious FOMO, and share price going nuts....

And so I wait..

Expand

Yes PB, Munni Munni is a wild card for PGM Management...because anything that happens in it will be well known to all via other announcements from ARV and so on...putting pressure on the 'low key, conservative' PGM bosses to make an announcement with more clarification as to their thinking and what they intend to do about Munni Munni.
So as ARV's actions makes things clearer at MM and of course as the speculation increases, We then look to PGM for some guidance.

Maybe the list of priorities that are all competing to be the "The Number one priority" could be put like this:
1. Sorting out Munni Munni
2. Furthering the PGM Cobalt story
3. Completing a full cycle of the Scandium story

All dependent on what happens in the field and what Big Bosses and Simulus Investigations decide.
(if anyone thinks of anything else to put on the 'to do list' go for it!!)

That kinda sounds like a plan!

Note to Oly: Get rum for polar bears

Last edited by Winfield: typo 19/11/17

PGM Price at posting: 19.0¢ Sentiment: None Disclosure: Held
4 Upvote

0 Great analysis

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