Tjate - Palladium 30%5 Dec 2018 22:11
can someone who speak to Leon, convey this message to him.
JLP should actively seeking JV partner for Tjate. now is the best position as palladium is way higher.
i recalled, Tjate has around 30% palladium
so, if Tjate NPV was $1.2bn for plat price of $1200, then if we swap with palladium, then
at palladium price of $1200, NPV should be around 1.2bn x 30% = $360m
360million is alots of NPV for our small size cap.
so, if JLP can sell this licence to say Angloplat, it will be huge cash for JLP, even at a fraction of that NPV