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2.1¢ platina resources limited

Skaergaard Was Almost a Goer when Palladium was Half the Current Price, page-136

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Gekkko

854 Posts.

516

19/02/19

09:30

Post #: 37479925
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Originally posted by Pary ↑

Palladium price is consolidating before making another move up, but the most expensive metal in the world Rhodium has been climbing up non-stop for at least a month. That prompted me to look up at potential developers who have this metal in their tenements. To my surprise I found PGM on short Aus companies list. Then I realized that Muni-Muni might be the one since Skaergaard didn't mentioned Rhodium. I found an old announcement by PGM JV partner in M-M Artemis. It said that JORC 2004 compliant Resource of:1 24 Mt @ 2.9 g/t Platinum Group Element (PGE) + gold (1.4Mt Inferred, 9.8Mt indicated and 12.4Mt Measured) (0.83Moz platinum. 1.14Moz palladium, 152Koz gold and 76Koz rhodium). Off course the main value here is again in Palladium but Rhodium with current price U$2,175 per ounce almost equals that.

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Rhodium shouldn't be forgotten..it's actually north of US $2,400 ounce now. The last time it went on a run like this was 2008 and peaked at $10,000 oz as Lehman Bros was collapsing. We should be counting all our reserves to monetize ready for when it all peaks..maybe north of US 2,000 for palladium over in the Skaergaard ground..

PGM Price at posting: 7.0¢ Sentiment: Buy Disclosure: Held
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Last 2.1¢		Change -0.001(4.55%)		Mkt cap ! $12.46M

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Price($)	Vol.	No.
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0.068	72255	3
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