one thing i've kept to myself is the Rhodium content of smokey hills.
Smokey hills contains 0.51 g/t Rhodium
0.51g/t, who cares you might say.
Until you mosey on over to bulliondesk to see that Rhodium is currrently trading @ $4,800US per OZ!!!
Rhodium is a hard metal to extract so its costly to get out, but at current Rhodium prices, it is EXTREMELY valuable.
In dollar terms, the Rhodium content, by my calculations, means that every OZ of PGM they extract (assuming you ignore all iridium and ruthenium) is worth north of $1,100US (thats incl platinum, palladium and rhodium). Including ruthenium and iridium drops that to around $950, however thats offset by more oz. I've exlcluded gold as its negligible grade.
Having a few drinks with mining gurus on Thursday night and will be sure to drill them for their thoughts on this.
Cdchi1
PLA Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
