Hi hotfire,
I am also still in PLA and like you like the longer term growth story.
My cost is around A$0.95 and PLA has been disappointing in 2010. Having said that I have never had an easy ride with Platinum miners and production problems seem to be an inevitable part of this difficult mining business.
PLA are definitely going through a learning curve at Smoky Hills (SH) and the optimistic comments on production withought stoping redundancy in hindsight are an indication of this inexperience.
I would like to beleive that going forward things can only get better with PLA and where we see evidence of SH production improving then there should be a rerating of the shares.
What we also need to see is some tangible progress on Kalplats and further on at Rooderand. One mine companies pose a much higher risk and with diversification into multiple sites the appeal of the shares should increase.
BR
Max
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Hi hotfire,I am also still in PLA and like you like the longer...
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