How keen would the SA PGM producers be to diversify their production -I see a major knocking at RMLs door very soon as indicated in the quarterly and hopefully prior to opts expiry.The Chinalco announcement reinforces to me what the Ceos of all the big miners have been saying consistently-commodity prices will be bouyant for a long time yet.On the supply side increases in capex/opex will ensure only projects with favorable economics will proceed -the demand may ease short term but remains intact.I hold high hopes for PGMs at Ajoce and initial testing of Acoje Ni laterites looks more than promising with $us 20 bil inground NI (and growing) just 2 days shipping from China .Big Aus miners look cheap- midsize producers very cheap and the explorers very very cheap.
cheers van holding specs RML,OEX,CBH,UMC,LNC,AAM and TZN
