PLA pacific lime and cement limited

The future for Platinum and PLA has been given a thumbs up by...

  1. 601 Posts.
    The future for Platinum and PLA has been given a thumbs up by the Chinese investors who obviously think that Platinum has far to go in China.

    While the current mining costs arent great due to normal start up problems ( PLA is almost a year behind its anticipated start up) at least many of the problems have been fixed and with 5000 oz being produced in July we can assume that 60,000 a year is a reasonable forcast.

    Cash flows should improve as production costs improve with better ore being mined.

    Hopefully PLA have learnt from this and know how better to approach Kalplats.

    With Chinese optimism, streamlined production and reduced debt PLA's outlook should improve from here
 
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