PLatinum Australia in administration = less supply?

Discussion in 'Stocks & Derivatives' started by SilverSanchez, Jul 2, 2012.

  1. SilverSanchez

    SilverSanchez Active Member

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    SilverSanchez, Jul 2, 2012
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  2. Black_Sun

    Black_Sun New Member

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    MMW delisted from ASX on 28-06-2012, and AQP has crashed like a stone.
     
    Black_Sun, Jul 2, 2012
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  3. SilverSanchez

    SilverSanchez Active Member

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    I own shares in Platina Resources (PGM) and they have been royally beat-up. The fall in palladium and platinum has made those portions of their deposit unecconomical (greenland only) but they still have their Aussie Scandium/Platinum deposit and the gold zone of their Greenland Deposit.

    They also have tenaments in Columbia which is a good get, because no modern mining has been permitted there for a long time.

    Platinum has inductrial uses but was also a monetary metal for centuries in Russia and surrounding provinces. Gold historically drags with it silver and platinum as well - so it is a way of diversifying a PM portfolio.
     
    SilverSanchez, Jul 3, 2012
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  4. Black_Sun

    Black_Sun New Member

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    good grief, I thought this was THE massive deposit. Never brought them, as it seemed to me that they would never become a mine, but just drill endlessly.
     
    Black_Sun, Jul 3, 2012
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  5. hiho

    hiho Active Member Silver Stacker

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    platinum very expensive to extract and refine
     
    hiho, Jul 3, 2012
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  6. SilverSanchez

    SilverSanchez Active Member

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    No id ont think so, their Australian resource is having a feasability study done on it. It is a large deposit in Greenland.
     
    SilverSanchez, Jul 3, 2012
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