Platinum Group Metals, Ltd.: Encouraging Recent Progress On The Waterberg JV Project
- PLG is scheduled for production in 2015, with a yearly production of 275 KozEq. The 2 main precious metals are platinum and palladium, with some rhodium and gold.
- The Waterberg is about to get the financing necessary to start production at the mine in 2015/2016. The company expects to close the $195 million project finance facility this summer.
- The growth potential of the future mine largely compensates the negative issues attached to South Africa. PLG will be a potential acquisition target that I rate as a buy.