After looking at the known facts it would seem like a fairly small deal unless the full play has not been made yet.
basically we are getting a 10% share of the action in the mooiplats project which is still in early stages but probable 1,000,000 oz pgm's with a time line of 2-3 years before startup.
plus the same % exposure to some other projects that are only exploration plays and have a much longer time line.
Everest North project BFS and startup will move the share price much more than this small deal.
Then again we may not have heard the last of this play and it would seem we will get a good return for the 3M invested.
SLV Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
