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Message: My take on news

My take on news

posted on Sep 02, 2008 11:56AM

So, in compensation for giving up their rights to around 15% of P2, PTM doubles their share of P1 and P3 to 74%. Let's not forget P1 ozs are shallower and easier to mine. Also, the P2 resource is all inferred. P1 has a very good chunk of proven and probable ozs in there. Great deal for PTM.

What does Anglo get out of it? Near as I can figure, they get BEE credits they can apply to
Rustenburg, Amandelbuklt, PPR, while the same ore will still run through their smelters. Looks like a political deal for them to keep what is theirs already.

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