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
PLA Price at posting:
$1.83 Sentiment: Buy Disclosure: Held
