Member Info for Professor1

Hi Mickey

When I was doing research on this co, I was truly staggered by the amount of time the govt of Rajasthan were taking in issuing the PL. Even more worrying (but not surprising) was the impression I got from all the RNSs that they were doing this deliberately to circumvent the law with the intention of awarding the permit to a local co.

I have got in here with a firm belief that this will get resolved in the next court hearing and we will secure the PL. The Rajasthan govt have no basis in law from what I can see. The Indian govt wants to be outward looking in terms of foreign investment and will not let the local state govt of Rajasthan jeopardise this any further.

GLA

The Galactic Express

Hi Mickey1122

Indeed. They will have no choice but to grant the license if the Indian mining companies hope to do business in other jurisdictions - simple as that.

This will be granted without a doubt for obvious reasons. And, when that lands, we won't see the current SP

Looks like ready to shoot up

I firmly believe they are considering license application for a new site

I view this as very good news. Possible new license application under consideration

Investor81

The funds will be used to seek other POTENTIAL land areas. This has always been the intention of the previous CEO Ignasio Salazar

https://m.youtube.com/watch?v=AcQR_gEyrGA

Indeed Tilly - could not be better timing.
Exciting times ahead for all.

https://www.wsj.com/articles/platinum-draws-investors-as-gold-rally-stalls-11606662000

Thirdrock

Imagine this was your own business and you had 15m ounces, 2/3 of which was palladium and 1/3 platinum. Ignore for simplicity time value of money, other very expensive minerals e.g. rhodiam @ $16000 an ounce etc.

At 30p per share and with 2.759B shares, you are valuing each ounce at a mere £55. Now here is the thing. This is your business and you know the market price for each ounce of palladium and platinum is $2200 and $1000 respectively. Therefore, the average sp is $1800. The AISC to produce each ounce is a mere $350 thus producing a net profit of $1450 per ounce. Considering this was your business and knowing you can make $1450 an ounce , would you be willing to flog it at a value which gets you $55 an ounce?

Or I might add reasoned point of view

Bearish / less bullish points have never been supported by any sort of evidence

Tilly - super post as always.

GLA

Possibly Barrick Gold?

For benefit of those who have not seen this. An eye opener to where gold is heading and why.

https://youtu.be/gU0Z85mNweE

JCEP - welcome

Hi Ismalia

The company did announce that they are fully funded for their Wishbone drill

Aubery

Please go to www.valuewalk.com to really have an understanding of how to value a development company