PGM

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Thanks Olympian, Yes a very basic error on my behalf, I don't...

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cjbjb2702

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30/07/14

12:49

Post #: 13737747
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Originally posted by olympian ↑

Hey CJ, you are obviously well-versed in the Sc potential for use in aerospace industry but your arithmetic is a bit suss mate haha.

"""Now the dry weight of a boeing 737 for example is 79,000kgs, x 3% Sc = 237kgs of scandium.
This figure is a little misleading as not all components of the aircraft will require / use scandium, the likely requirement would be closer to 90-100kgs per aircraft."""

I would have 3% of 79,000 = 2,370 kgs

What's a factor of ten amongst friend hey haha

Bottomline is that we might have a VERY serious money spinner for the aerospace industry ahead.

Its OK of course to talk to the airline companies on cost savings etc But if u wanna start making things happen faster in China where its all going to be centred initially, what PGM should be really doing is going directly to the regulators who can enforce such changes on fuel savings and enviro issues as well as cost savings.

And while you are talking to the Sino regulators who dont muck about with such things, same time you could be alerting them to the existence at Skaersgaard of Pd and other goodies, which they are already enforcing their car industry to increase the use of in catalytic converters to clean up their major cities" air pollution. The incidence of lung cancer and other lung diseases is skyrocketing in Beijing and other capitals and solving such has assumed urgent priority. Go to the regulators bro and they will do the "market development" for you.

Opinions of course.

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Thanks Olympian,

Yes a very basic error on my behalf, I don't have an excuse and had not had a few!

A very nice error though, because that's a hell of a lot more scandium if one of the two manufacturers just happened to want some of our goodies!.

If I recall correctly, Beluchi mentioned the Co having recent discussions with a number of airlines, I presume he meant manufacturers?

Going to be an intriguing 12 months me thinks.

Shame I can't change my sentiment from buy to "will sell myself on a street corner for more PGM shares". Ha Ha.

PGM Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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