Here is the article
http://www.mineweb.net/mineweb/view/mineweb/en/page35?oid=53250&sn=Detail
and I disagree with RBC's assessment of a "current high rating" on PLA. If Smokey Hills produces EBIT of $120m (source- boardroom radio last week) and the company is currently worth roughly $450m then a forward p/e of 4 is not high IMO. (btw that allows nothing for Kalplats!)
Of course they are not yet producing but does anyone doubt that they will and soon?
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