Thanks Geo . Platinum could easily move back to $2000 again if the vehicle industry recovers . Nkwe have $75 Bn worth of metal in the ground ,and Xstrata can pick it all up for the cost of a mine ,$1.5 Bn . There will be another resource upgrade that is expected to take the resources over 100 Moz . Thats around $120 Billion US of metal at todays price . At $2000 oz ,the numbers look stratospheric . $200 Bn worth of resources
This is not only possible ,but probable . Edisons Research have an NPV of $7.50 on Nkwe ,and that is also very possible .
NKP Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held