A$112M cash = enough for 3 years.
Almost identical shareholder register to 12 months ago = major shareholders haven’t sold.
Gonneville is predicted to be the lowest cost PGE mine in the Western world.
Higher grade resource will be released in March and will be “very different”.
Palladium demand is strong because EV adoption rates are slowing, demand for hybrid vehicles is growing and demand for internal combustion engine cars remains strong.
Palladium supply will reduce because half of the world’s mines are losing money at current prices. Either the prices increase or supply decreases.
Alex believes palladium and platinum prices will recover in the “near term.”
9500 sq. kms of land to explore. 40 copper / PGE and copper / gold targets identified. 28 targets exactly the same as Gonneville, 18 physically mapped. Dilling underway.
And Alex said “high grade” over and over.
Seems like the Scoping Study and metals price decline lessons have been learned.
A$112M cash = enough for 3 years.Almost identical shareholder...
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Last
$1.57 |
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-0.015(0.95%) |
Mkt cap ! $610.7M | |||
| Open | High | Low | Value | Volume |
| $1.64 | $1.65 | $1.56 | $6.776M | 4.246M |
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| 1 | 10448 | $1.57 |
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| Price($) | Vol. | No. |
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| $1.58 | 11713 | 2 |
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