outlook for pgm prices for pla, page-8

JWFC

THE US100m was about turnover not profit and was an approximation. But using 90,000 oz my breakdown which excludes Rhodium is

15% hedged 13500 oz x 1250 = $16.9m
85% unhedged 76500 oz x 850= $65m

Thats only $80m so my figures were too high. Never the less
PLA is profitable and the cashflow can help fund the development of Kalplats which is really where the money is. I am waiting for the feasibility study to see what the future holds.