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Platinum Group Metals Ltd. Message Board

  • shotshooter99 shotshooter99 Mar 18, 2013 1:11 PM Flag

    Up we go to 1.75 by june pps start climbing

    nice and easy I predict.

    Sentiment: Strong Buy

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    • If they only get $500 per ounce after cost of extraction (and selling the concentrate), and assuming they are conservatively only sitting on the resources they have already verified (about 20 million ounces total - if this is way off let me know), their projects have a future value of about 10 Billion dollars. This future value has been basically discounted to only $500 million, or by about 95%. In some cases the market doesn't assign enough risk, but in this case I think the risk is overblown by the market, underpricing the stock, presenting a good value versus the actual risk.

      • 1 Reply to jackgotney
      • Jackgotney consider price per ounce if the great USA defaults on its debt this would only make this stock a greater investment of unimaginable wealth to those owning shares.Stock is getting massively accumulated as are most other mining stocks which truly will be worth ginormous fortunes if the USA tumbles someday.Therefore at present value risk is fully priced into this stock but someday you could see double your figures of the price per ounce if the USA defaults.I feel owning PLG is a really good safety for my money if the USA defaults because it will appreciate in value very rapidly at that point in time.

 
PLG
0.45+0.03(+8.25%)12:07 PMEDT