PLA 0.00% 6.7¢ platinum australia limited

Apologies if this has been linked before. If Impala have got...

  1. 26 Posts.
    Apologies if this has been linked before. If Impala have got this right, Platinum may well fail to get back to $2000 per oz this year. In which case PLAA may be seeking to deliver more than 15% of Smokey Hills production into the hedge book in the first year.

    http://www.miningmx.com/platinum/729654.htm

    On the basis that they have committed to delivering 15% of the first 5 years' production at around $2000 per oz and there are only 9 months of the current financial year remaining to 30 June 2009, they won't be producing more than 75% of 90,000 ozs. If they could make $2000 per oz for all of that... but then WDIK
 
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