Re: Very good article about platinum market by Luke Burgess
posted on
Nov 20, 2007 06:29PM
It is actually hard so far to get a good idea of grades of platinum as they vary from trace to 40g/t. If I use 2 g/t, as it may be a decent average of the numbers out there, then we have 8 million grams of platinum or 282k ounces at $1700 per ounces, we have about 480 million dollars of platinum if grade is averaging 2 grams per ton. This could be lower but could be higher as well. But it definitly adds nicely to the value of our deposit. If this stock goes below $4.00, it is a crime. As longs of NOT, we should think about what we can do to help the company get better exposure. We would only be helping our fellow retail investor because at this valuation, this stock is SO UNDERVALUED!!