RE: Couple of things due....1 Feb 2017 09:09
Does the fact that less than two weeks ago, it was said Lemuria Royalties are interested in a royalties deal on WK, not tell you there's cash being generated? They obviously liked what they saw.
From RNS.
"Lemuria, preferring a focus on cash generating projects in their current portfolio, expressed an interest in West Kytlim".
Then, go back a few months. Within 10 days of production starting at WK, back in early September they announced..
" shipment of raw platinum concentrate from its mine in the Ural Mountains. The concentrate was weighed on entry to the plant as 574.18 grams of raw platinum concentrate."
This was at the very start, it's ramped up since, and will further into 2017.
Just because there's no news, doesn't mean anything has changed, and doesn't mean something won't land any day.
I've been around long enough to know that in AIM, you'll kick yourself for selling out too soon, or being shaken out by small fluctuations, on a share with such assets and deals in place.
There’s not many AIM tiddlers that have an actual cash generating mine in production. Try finding them.
Then try finding one that also has an asset like MT, and deal in place to bring it into production.
"construction of a 1.7 million tonnes per annum PGM beneficiation project at Monchetundra".
Hmm.. 1.7 million tonnes per annum. Think about it.
Patience wins the day. Hold this for 2 years, and reap the rewards. Massive rewards.
The price right now is a very, VERY, good entry to build a position imo.
If you’re not patient, then maybe AIM is the wrong place to be!
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