On a different thought pattern, the company Platina Resources Ltd (PGM) has a market capitalisation of $21 million. PGM recently recruited an Exploration Manager to drive a WA gold strategy, so their focus is moving to gold exploration. Very limited work on their Scandium Project up the road from Sunrise has occurred in the past 4 years since a DFS was completed in 2018.
I wonder if the time is right for renewed interest in expanding SRL's scandium footprint in the region via a Hylea style acquisition. PGM have $1.5 million in the bank or enough for 5 quarters of business. Now SRL is worth over $300 million, some targeted lease acquisitions could be well timed.
Platina Resources - Owendale Project in NSW (Mine Site EL7644)
SRL Price at posting:
$3.42 Sentiment: Buy Disclosure: Held
