Good Morning Viewers,& Good Morning Corporate.Your question re....

Good Morning Viewers,
& Good Morning Corporate.

Your question re. Platmin answered as follows...
To begin with, the basic facts followed by a little
bit of info on what they are doing!

Shares qty as quoted on the Toronto Stock Exchange
are... 445,018,000 (445 Million shares).

Quoted market value $743 million (Canadian or CAD).

CFE currently hold 4.4% (19.58 Million shares).
So, in dollar terms = $32.70 Million (CAD).

52 week low price 36 Canadian cents.

52 week high $1.68 Canadian (168 Canadian cents).

Share price finished Yesterday at $1.670
This was a rise of +0.370 (28.46%)

1 Australian Dollar = 0.94924 Canadian Dollar
1 Canadian Dollar (CAD) = 1.05347 Australian Dollar (AUD)

So, $32.7 M CAD will be $34.45 Australian Dollars.



Platmin Limited is engaged in the exploration for, and is working towards the development of, platinum group metal deposits ("PGMs") in South Africa. Platmin, through its subsidiaries and affliated companies, is exploring for PGMs at four key project areas (Pilanesberg, M'Phatlele, Grootboom, and Loskop), all in the Bushveld Complex of NW S. Africa, on which PGM mineral resources have been estimated



Platmin is an emerging PGM producer, listed on the TSX, AIM and the JSE. Its flagship Pilanesberg Platinum Mine on the western limb of the Bushveld Complex is currently ramping up to full production. Platmin also holds interests in a suite of exploration and development projects, viz Mphahlele, Grootboom and Loskop projects which offer long-term growth potential on the eastern limb of the Bushveld Complex. The South African Bushveld Complex is estimated to contain approximately 90% of global platinum mineral resource.




Platmins four key projects Pilanesberg, Mphahlele, Grootboom and Loskop are located on the Bushveld Complex of South Africa, a geological structure that is estimated to contain approximately 90% of the worlds Platinum Group Metal (PGM) resources as well as some 80% of its chrome.


You may care to have another look at My post...

Post: 4733929
Posted: 16/11/09


Thanks For Your Time.
PJN