Given the spot precious precious market, might be time to...

Given the spot precious precious market, might be time to re-consider the local MM resource under review which has been totally overlooked ... like everything else in PGM's glory box haha.

Website cites MM resource as 23.6 mill tonnes @ g/t
Pt 1.1, Pd 1.5, Au 0.2, Rh 0.1
(lets ignore the Cu + Ni credits and stick witht the pms)

At spot prices, in Au terms, thats equivalent to 2.8 g/t, for abt 2 mill ozs contained gold equivalent (?)

Dunno the metallurgy / engineering / mining /capex / logistics etc requirements of Munni Munni but if someone said to me we had 2 mill ozs gold at 2.8 g/t in Oz, I wld take a serious look at its feasibilty, even if only trying to high grade it for some early cashflow or sale ???

Gotta remember this is only a tasty MORSEL cf to the potential FEAST at Skaergaard known resource (40 mill ozs pms / 10 mill ozs Au) and sexy surrounds yet to be evaluated, and which are planned for serious work beginning prob around June this year. But once again this emphasizes the fact PGM is the FORGOTTEN precious metals proxy ... but one which can burst into the limelight in an instant.

Lest we forget, world's # 1 Palladium company Panthera Palladium (Mr Kaplan) was happy to acquire 20% at 55 cps last year. mr Kaplan also owns the world's LARGEST private gold producer, Electrum. Why is he interested in an initial strategic hold in our Ice Queen hey ???

I have techno targets for POG, POPt, POPd and PORh of 2300, 3000, 1000, 9000 looking thru my golden coloured glasses ... and thats only to reach PAST highs. Mind boggles if u throw such numbers into the spreadsheet. And wotif we get a SERIOUS new precious metals boom ?

I have painful memories of baling outa AQP at 40c early 90s tbhinking what a great trade for a 25c cost in the days when AQ was feeling its way around the precious metals traps. Missed the 100+ bagger back then cos didnt really delve.

I dont know what kinda 'bagger" PGM's future modest success offers and I dont know what kinda scramble for the precious metals lies ahead once the global FIAT currency con comes to an end, but what I do know is there aint too many players sporting such substantial inventories around the world and it all becomes a matter of yeah or nay depending on what the critical mass price mix is. And thats under review ongoing.

So yeah PGM remains, and expands as my # 1 portfolio play and I am more than happy to keep nibbling away for core accumulation before the pivotal resistances are blown away by some players who finally see the light of what can be here. Then i join in with the traders as well.

PGM IMO remains, and increasingly so with pms pricing evolution, the DEFINITIVE market proxy to the precious precious and maxi-hedge to paper burn ahead ... if thats what u believe we are headed for.

Sitting right on a very important pivotal price right now in Mexican standoff haha. Pity our leaders aint a bit more vocal about things tho.

IMVBOOC