I think the NKP presentation stating a $5 per ounce for explorers is basin on the 100Moz potential that they are looking at not so much on the industry
Even gold explorers are trading at $30-$35 on an exploration with initial resource defined. Obviously the grade of the deposit would be crucial. The bbushveld region is where you want to be for platinum though.
I would think platinum would be alot higher than $40 per ounce
I think $100 per ounce would be on proven resource and the margin achieved on the mining
on $5 IGC would be valued less than 20cents
IGC Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
