Just checking up on the Mines Online site again to see if there has been any movement and found an interesting (and detailed) flyer for the Platinum Australia Projects.
A quick back of the envelop calculation suggests to me that over A$100m CAPEX has been spent on these projects and plant and equipment. So, if we see say approx 50% of this value is returned to the company then we should see something given back to shareholders. Right?
Kalplats: Expenditure to date by PLA on this project amounts to over AUS$20 million. Rooderand: Expenditure on the project to date by PLA is approximately AUS$10 million.
Obviously the Resources are worth even more to any potential buyer? Right?
Expressions of Interest are now being sought and can be forwarded to Ms. Corlia Oosthuizen at MinesOnline.com (phone +61 8 9486 9557 or e-mail [email protected])
Gus
PLA Price at posting:
6.7¢ Sentiment: None Disclosure: Held
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