The Panton deposit has around 50% Pt and 50% Pd. The original BFS indicated the project would be OK at a combined price at $US700 corrected for exchange rate movements. SMY did not exist at that time.
If you strip out the capital cost of the cocentrator to be supplied by SMY you have a toll mining operation at around 6g/t combined Pt + Pd.
Australian mining costs are higher than ZAR but the rise in commodity prices has brought Panton into play.
My view is that Kalplats is the real hole card in this play - the resource could grow to very large numbers with the increaded landholding and PLA expertise.
PLA Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
