financial performance

HI All

I am a holder of PLA but getting frustrated with the stock.

The September Quarterly Report shows that their cash receipts was A$10.0m but their admin and production cash costs were A$13.0m.

Are they not producing enough ounces or is their cost of production to high for the current price for platinum?

It seems to me they may need a platinum price of around US$1,500 per ounce to be cash positive!

Any ideas?

Happy trading