Hi Decacorn,
In ground resources are just that !!! they are in ground and need to have them proven to current, at least, Oz compliant "Indicated" JORC Standards before you can attribute some serious value to your resources, using the Australian JORC standards.
At the moment the Platina Skaergaard assets are in the "Inferred" Category. I would have highlighted some words in bold .. however the new Hot Copper format does not want to allow that to happen .. maybe I will go back to the OLD hotcopper format , where it works!
The Volume you talk about is totally insignificant, when the Platina SP moved with significant Volume, beginning 2 years ago, the moves were very significant. ,,, it was a tradeable stock with upside. The Sh!t hit the fan when the ex Founder and CEO, Rob Mosig, mysteriously left , or was mysteriously pushed out of PGM in circa November 2017. Do you remember that ? .. I hardly think so!
Can you clearly demonstrate why there is a 20 -30 times upside in the current PGM SP or the Valuation in the near term?
None of Platina's potential resources have a mining license attributed to them ( apart from the Munni Muuni resource in WA).
The Owendale tenement and the infrastructure tenement may have applications in for granting the permitted activities, including a mining license ... but it has not happened yet!! If you know more than the shareholder collective, please advise them with some proof.
The Skaergaard resource estimate is NOT Australian JORC compliant as of today ... it had an "INFERRED" estimate some time ago.
Your proposed 20 -30 x current value multiplication on the current position PGM is .. as of today's position .. total dreaming.
Maybe, just maybe, when a global resources gorilla, takes notice of a sore on its R'ss .. it may well decide to take it out with the appropriate medicine by paying the price for the medication to work to maintain the "Financial Status Quo" .. if you don't know what I am alluding to .. please ask an expert.
The only measured Resource Platina has is over the Owendale Scandium area. .. the only project they have which has a DFS is the Owendale Sc project .
All other possible projects are just that ... Only Possible at this point in time.
If you think those .. possible only projects are worth so much .. maybe you should set a trend and pay 10 times the current share price next time you buy a sizable trade position.. Hardly likely I would suggest.
Been there and done that !! I remember the last price surge with great volume 18+ months ago. Only to realise there was something seriously wrong with the picture presented .. maybe unwittingly.
Just my opinions as an ex holder who really wanted the old company to work and put a lot of effort to assist it to achieve some results some time ago ..what have you done to assist apart from your share purchase?
By the way ..the new Hotcopper format , reply ,editing and general reply commentary really sucks .. if I cannot use the old format ..I will give up posting on the current format.
Cheers
HR .. Just my views .. no advice .. This reply format does not work like it should ..what a waste of my time .. it seems as if it's hacked!!!
