Lucky, that you for posting that reminder. Msn money also had a blub on platinum (portion below)
"Move over, gold. You're no longer the most precious kid on the block.
Then there's a metal like platinum, which tops gold on three fronts:
- Platinum can also serve as a store of value and a hedge for the doomsday crowd, but it's worth more per ounce.
- Platinum is more scarce than gold, so it's likely to remain more pricey.
- And more than gold, platinum is a key ingredient in much of the stuff consumers will buy more of as the economy recovers, such as cars and flat-screen TVs. So demand for platinum is likely to grow more quickly than demand for gold, taking prices up faster."
Noront as per their investor presentation is 2nd only to the Merensky Reef for best in grade. We have to remember we have Kinross, Barrick Gold, Westerngoldfield, people here that left their respective postions to come to a platinum-palladium player. Probably, because we are the "most precious kid on the block."
