I fully agree with the positive sentiments posted on this site. I also believe POD has huge potential. The high grades of 3E PGM released to market on 24/3/21 could go along way to a positive final investment decision. But the tiny amounts of Rhodium that are often associated with PGE can also make a huge difference to the profitability of a Platinum Group metals mine. Below I've posted the 1 year chart of Rhodium showing that it's gone from US$5000 an ounce to about US$25000 in 1 year!. My back of the envelope calculations (so please don't rely on them and do your own calcs) show that if Rhodium is 3.5% of the 3PGEs it could still contribute about 50% of the profitability because of its staggering price! I'm very much looking forward to the lab results of other Pt associated minerals. (I've been a member of hot copper for years but this is my first post!)
POD Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
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