HiJust checking up on the Mines Online site again to see if...

Hi

Just checking up on the Mines Online site again to see if there has been any movement and found an interesting (and detailed) flyer for the Platinum Australia Projects.

A quick back of the envelop calculation suggests to me that over A$100m CAPEX has been spent on these projects and plant and equipment. So, if we see say approx 50% of this value is returned to the company then we should see something given back to shareholders. Right?

Kalplats: Expenditure to date by PLA on this project amounts to over AUS$20 million.
Rooderand: Expenditure on the project to date by PLA is approximately AUS$10 million.

Obviously the Resources are worth even more to any potential buyer? Right?

What do others think?

https://www.minesonline.com/project-search/project-flyers.aspx

Platinum Projects - Platinum Australia Ltd (Administrator Appointed)

https://www.minesonline.com/sites/minesonlinecom/assets/public/Image/Flyer%20for%20Platinum%20Projects%20-%20Administrator%20Appointed.pdf

Expressions of Interest are now being sought and can be forwarded to Ms. Corlia Oosthuizen at MinesOnline.com (phone +61 8 9486 9557 or e-mail [email protected])

Gus