The other point about today's SP IMO is looking at the market cap and the money that jubilee will receive from GRE, the current SP is a joke and nothing about this merger is yet priced in. I think PI's do not really understand why this platinum company will be any different to others, especially as jubilee are merging with a company in administration.
However, jubilees production strategy from the start derisks this against falling platinum prices. The dilakong tailings from previous statements contain much higher grades than the likes of sylvannia. So with conroast, the recovery and costs will be favourable. And again, when smokey hills is open again, providing platinum is around $1600 an ounce, the group should do well.
Best wishes
Eyeguy
PLA Price at posting:
6.7¢ Sentiment: None Disclosure: Held
