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Message: Boler on PTM

Jul 10, 2008 02:52AM

Aug 07, 2008 06:13AM

"Platinum Group Metals [PLG] [TSX:PTM] My view hasn’t changed at all on this Pt special case. At $2.50 or thereabouts it’s a good move as we track towards the final decision to approve a mine in October 2008. The current weakness is due in my view to purposeful suppression of the share price to permit bankers to accumulate shares in order to neutralize their funding of the mine (Bankers are due to deposit their tranche of funds by the end of September in order to participate).

JPMorgan owns about 29% of PLG thus steering the share price is simple. Below is a comparison between Platmin, a junior with an approved mine, and PLG for your review. Note the wide disparity between Platmin’s market cap per annual ounce of 4X. Thus, we may expect at least a 2-4X return in PLG from a favorable mine decision in October or sooner ."


You can read the whole report here:

http://www.zshare.net/download/17006...


Aug 15, 2008 10:32AM
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