Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The galleon is full Tilly.
Big week next week potentially much like our other mutual interest. Be nice if one popped before the other to piggy back bit what a day it would be if they popped together!
Good weekend to all.
Trift x
https://www.metalsdaily.com/live-prices/pgms/
Rhodium
$30,000,00/ oz
GLA
Trift x
“Satisfactory” and perhaps increasing hence the delays. I have no worries about waiting for more and nor will the BOD. They are fine tuned to the prime moment to close a deal for “maximum shareholder value”.
Back in July an email was send from EUA to a shareholder suggesting good news for all concerned by end of H2 2020.
Since then:
Rhodium: Up 446%
Iridium: Up 387%
Palladium: Up 14%
Platinum: Up 15%
Nickel: Up 13%
Copper: Up 14%
......Ish
Hence the delays that will benefit all and may continue to do so if the predicted trends ensue.
Patience is a virtue and in our case patience also has significant added value.
GWA
Trift x
Don’t think Mac did suggest quantities. I gave a hypothetical example of 2% of 2m oz for a calculation. The % will be less most likely but the resource considerably more (and without WK).
Anyway as MrY quite rightly suggests, whatever it is is very positive for EUA.
Trift x
It is eye watering Mac, I noticed this earlier (you are so “yesterday”! LOL).
Tharisa (Chromitite layers) have 12% Rhodium as resource (not value). If we had 2% as resource (”significant”) of just 2m oz it would be worth 1 Billion $ at current prices after extraction costs and this excludes all our other main menu metals and significantly more resource.
Perfect storm yet again.
Trift x
“Rhodium will account for about half of all revenue generated by South Africa’s four largest platinum group metal (PGM) producers this year at the metal’s current dollar price”.
https://www.miningmx.com/news/platinum/45622-soaring-rhodium-price-will-contribute-half-of-total-sa-pgm-company-revenues-in-2021/
GDA
Thoughts are with Gary’s family and friends.
Thanks for the reminder Ian.
Trift x
Rhodium bouncing back.
https://www.metalsdaily.com/live-prices/pgms/
May well see new historical highs next week.
What a lovely basket!
GDA
Trift x