jwfc -OK but it's a bit lengthy for the thread so I have put it on the web at the link below:
On re-evaluation I get AU$ 5.22 if PGM prices return to their summer heights and the $7 would depend on M&A activity - all as supported by figures in the tables.
The most exciting thing for 2009 and beyond is the way in which the Kalplats resources will grow. Roll-on 20 Moz and upgrading Kalplats from "development" to "production" asset. Use the method to see what that would do for the share price...
PLA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held