Aren't all PGM deposits the same? Quite simply.....no. The Magma Metals deposit, according to Argonaut research, is infrastructure rich (railway, gas pipeline/power, mothballed Lac des Iles 5M tpa concentrator 65km north by road) and offers scale (geology analogous to the giant Norilsk and Talnakh deposits in Russia), promising metallurgy and a 1-1 Pt:Pd ratio. Most North American mines have a 1-3 Pt:Pd ratio so one can see that a 1-1 ratio is most desirable as platinum commands 4 times the current price of palladium. Most of the resource is shallow (under 100 meters in depth) and amenable to open pit extraction.

The reason Magma Metals is a virtual unknown is that up until November, it traded solely on the Australian Exchange. Anglo American, the world's largest platinum producer, has a 12% stake in Magma. With the new TSX listing, Magma will garner more exposure and will help put Black Panther on the map as well. The drill holes announced by Magma have been incredibly consistent as shown below and a new PGM district seems to be forming as Magma has discovered three intrusive complexes.

Note I can't copy the graphics but visit the report to see the grades.

At some point in time Black Panther with only 9 million shares outstanding might be worth an investment.