According to March 2012 Mid cap conference presentation, PLA have EST 9.7MOZ of platinum reserves and margin would be AVG between $ 600 -700 after the cost with today Basket prices $1440. We assumed once all their projects in full production in 4-5 years from now, Annual production will be over 300k per/A so that will generate the cash flow over $300 mils a year not including Gold and other by products. It is worth to to invest to day price $ 10c and put it in the last drawer. After 4 years of period, we can see 6 digits cheques in our drawer plus CGT discount bonus from ATO. Anyhow, DYOR. Good luck guys.
PLA Price at posting:
10.0¢ Sentiment: LT Buy Disclosure: Held