RE: Is platinum the next metal to pop?14 Jun 2021 22:33
I agree with you about Hamersley. I first invested in UFO for the silver. But last December when Iron Ore started selling for over $130/tonne and I learnt the unit cost of large players was under $20/tonne I said hang on a minute!
DSO is easy, quick and highly profitable. The best thing for a junior miner.
But with regards to the silver & PGE projects, all we need to do is bring them up the value curve to a point where they attract a JV partner. This then monetises the deposit. Therefore, you do not need to wait for the mine to be built to unlock value for shareholders.
Also if you are focused on Hamersley and looking at Turner Pope's valuation, it's good to note that Hamersley's 90% interest downside valuation will now be = Β£106,796,800 (2.95p/share).