"In March, the IDC announced it would pump R3.4bn into Pallinghurst Resources’ platinum company, formerly called Platmin, in return for a 16% stake in the 130,000 oz/year producer. It plans to produce 1.1 million oz/year by 2017. By comparison, Nkwe Platinum’s Garantau will produce about 330,000 oz/year."
NKP Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held