Also consider where most PGMs come from today. Regardless of a Trump or Biden win, USA is serious about securing US ally supply chains.
Price of PGMs are significantly down with established miners barely breaking even, hence currently there is no real value or interest in PGM deposits, however this can and will change very quickly. Sprott & Rick Rule are currently spruiking PGMs. As they're sitting below the cost curve, supply is bound to dry up. The lack of investment in new deposits means it will take ages for the supply to come good, causing a squeeze in pricing.
When (this is me know), PGMs are important in car exhausts, hence, price will move with car sales, which is linked to consumer spending/ the economy. We need interest rates to drop before we see a turn around in consumer spending, so we're probably 6 to 12 months out from a PGM up cycle.
Sprott & Rick Rule were banging on about uranium a few years ago for similar reasons.
Eventually the market follows suite.
Another ACe up our sleeve, just like the recent Min Res deal. Maybe a PGM deal down the track will pay for increasing our gold production capacity.
PNR Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
