Re: Just spoke to Richard : potential PGE Mine / FANTOMAS
in response to
by
posted on
Feb 21, 2008 04:42PM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Platinum Group Metal plays are starting to heat up. SWC NYSE, PAL AMEX, ELR Toronto and for micro-cap players,BTP Canada/ BTPUF otc
Takeouts soon
Investing in the Platinum Group Metal plays encompasses 3 major current investment themes. 1)Climate Change >> PGMs are used in pollution control devices 2)Energy>> fuel cells, nanotech and don't laugh...cold fusion 3)China>> jewellery, environment
Frank Holmes of US Global Investors, and Firebird Global Asset Mgmt (fbird.com)are major shareholders of Beartooth Platinum. 6 million and 24 million respectively As for Stillwater Mining, their land position in South Central Montana could soon be one of the most important pieces of real estate in the USA. It is a strategic asset, in that the Stillwater Complex and the Bushveld Complex of South Africa are the only 2 places in the world where primary PGM mines exist. BTP and SWC each have around 15,000 acres in this strategic land position.
Palladium was $1100 in 2001 when gold and copper were in the doldrums, and palladium seems to have major moves in the SAME direction as the US dollar. Palladium marches to its own drummer, many times in opposite directions to the rest of the metal complex. Open interest in palladium is exploding over the past 4-5 months. 11,000 - almost 20,000
megabidder