Plastics Capital Share Discussion Threads

[qs9] 31/7/2007 07:24

All looks pretty positive this morning in its announcement? ANy thoughts?

[route66] 16/7/2007 07:06

nice rise downunder, lets see it in London....

[doctor robert hope] 13/7/2007 07:44

Yikyak,

You seem to have dropped something!



Cheers

Beelzebub(;-)0

[doctor robert hope] 13/7/2007 05:05

Jules AJ Refuses I hear to replace thread header end.

AJ reckons said share will do better as a Mystery than an active thread.

ADVFN cost, no Value.

STOP POSTING

Thank you.

[yikyak] 12/7/2007 17:57

Platinum Australia sets out 500k oz/y target
Allan Seccombe
Posted: Thu, 12 Jul 2007
[miningmx.com] -- PLATINUM Australia aims to be a 500,000 oz platinum group metal (PGM) producer within five years, as it brings two South African and one Australian project into being as well as looking for acquisitions, which could result in a Johannesburg listing MD John Lewins said on Thursday.


Platinum Australia will have 50,000 oz of PGM production next year and lift that to 250,000 attributable oz by 2010, with a projected cash flow of $100m a year.

"We are looking at acquisitions prospects and if those come off we will list on the JSE," Lewins said at the Investec junior platinum mining conference in Cape Town.
a producer with north of 500,000 oz"We are looking to be a producer with north of 500,000 oz in the next five years," he said.

The first project in the pipeline is Smokey Hills, which has a million ounces in resources updip from the Modikwa project on the Eastern Limb of the Bushveld Igneous Complex (BIC). The $54m mine will be an opencast then underground operation with a seven year life. Payback is forecast in three months.

It will produce 95,000 ounces of PGMs a year and AIM and ASX-listed Platinum Australia is negotiating a toll treatment agreement for its ore, which should be concluded in the next couple of weeks, Lewins said.

A mining licence is expected soon. Platinum Australia applied for a licence in September last year. It takes about a year for the process to be completed. Standard Bank has put $37m of finance in place.

A plant will be commissioned in April 2008.

Its second project is Kalplats on the Kraaipan Greenstone belt some 330km west of Johannesburg. Seven deposits have already been identified and drilling has started on another two potential targets. There is a resource of 3.4 million ounces at a depth of up to 200 metres.

The Kalplats project is targeted to produce 280,000 attributable PGM ounces in a $120m project. Opencast mining, with a 13:1 strip ratio would last for 10 years before mining would move underground.


"There is major potential for expansion," Lewins said. The project is equally shared with ARM Platinum. Prospecting rights have been granted for more ground to the north and south of the existing property, extending the strike length to 50 kilometres.

Harmony Gold drilled 45,000 metres on the property between 2000 and 2003 before ARM Platinum acquired the project.

Platinum Australia is earning 49% of the project by completing the pre-feasibility and bankable studies into the project.

The geology is broken and more complex to mine than that of the BIC, but it lends itself to opencast operations, with unexplored potential at depth. A bankable feasibility study will be completed by early 2008.

Platinum Australia has a two million ounce resource in the Kimberley region of Western Australia, where it has partnered Lonmin Platinum in developing a process to improve the grade of low-quality concentrate called the Panton Process, which is being piloted in South Africa.

A bankable study completed during the lower PGM prices in 2003 is being revised and production should start at the end of this year, Lewins said. Steady state production will be 40,000 PGM ounces a year.

Japanese and Chinese companies have already approached Platinum Australia to process the concentrate, he said.

The Panton process, if it proves viable, could be applied at Kalplats to extract metal from parts of the orebody that has grade of one gram a tonne during the second phase, he said. The first phase will produce a flotation concentrate for toll treatment elsewhere. The BIC lies 200km to the east.

[yikyak] 12/7/2007 11:26

free stock charts from www.advfn.com




.

[mr ashley james] 09/7/2007 17:35

Drewz,

Well I am afraid you trade timing shows your lack of experience here, it is seldom a good idea to buy a share that has had a decent run just before end of UK Tax Year 6th April 2007, and leading in the end of Australian Tax Year 30th June 2007.

The sensible experienced players in the Australian market buy ASX Listed shares when all the profit takers have sold normally between mid June and early July , and ideally before the new annual fundmanagement new funds are invested from 1st July 2007.

It is all about timing.

I set up this thread in July 2005, obviously timing is everything.

I wouldn't worry about it too much ASX:PLA is bound to rocket when Smokey Hills mining Licence comes, and when revised KALPLATS Measured and Indicated Resources are released to the market.

As the assets are on the verge of being rerated dramatically upwards, if you are a long termer like I am it simply won't matter in the end.

All imho, nag, dyor etc

Cheers

Ash:)

[addventurer] 09/7/2007 16:07

So drewz I guess you are saying you were half right.No worries.No one gets this right all the time.Dont beat yourself up about it!

[drewz] 09/7/2007 15:50

That 'Mr Ashley James' bloke is such a useless stock picker.

I put the same amount of funds into both PLA and SLV 3 months ago.

SLV has more than doubled.

PLA has gone nowhere.

Yet 'you know who' thinks PLA is the best thing since sliced bread.

[mr ashley james] 09/7/2007 04:40

Yikyak,

Interesting another one of Bell Potter's Clients ASX:MTN Marathon Resources Limited is up 34.40 times from AU$0.20 to AU$6.88 since listing in March 2005.

Platinum Australia Limited ASX:PLA looks a slow mover even Pedestrian by comparison.

Slightly surprised this isn't way over AU$2.00 by now perhaps we need to work out bear interest stops etc and have a push this week.

Right now we are awaiting Smokey Hills Mining Licence and Kalplats resource upgrades, which should create some uumph IMHO.

All IMHO, NAG, DYOR etc

Cheers

Ash:)

[mr ashley james] 08/7/2007 20:55

Johnno,

Why talk to people who can not spend £5.00 plus VAT pcm and why spend all day banning Multiple Black Log Ons?

Pointless waste of my time.

I only really want to talk and exchange information with people I know anyway.

These threads are my note pads I would probably prefer no one else posted on them at all to be honest.

The best performing stocks are the quietest threads, last thing I want is busy threads.

Cheers

Ash:)

[jonno1] 08/7/2007 20:46

Ash, how come your Ramelius board is premium?

[mr ashley james] 08/7/2007 20:42

Jules,

I think the appointment of GRD Minproc is yet another stepping stone after the order of the Ball Mills from Otokoumpu for Smokey Hills.

The key risk here was always in a mining boom can one get the equipment and people required?



These boxes now ticked.

As soon as the mining right is received it looks like we are off with first PGM Mine producing 95,000 toz pa.

Meanwhile the value of those PGM ounces in the ground just increases along with the Basket Price and NPV.

All IMHO, NAG, DYOR etc

Cheers

Ash:)

[mr ashley james] 06/7/2007 21:58

Frizzers,

Yes I agree all precious metals charts and HUI, XAU are extremely Bullish C Waves coming out of a pennant or Horizontal Triangle this move is going to be fast and furious.

Will post HUI and XAU Charts to prove point.





NB DMI + Rising, MACD Zero Break, ADX Line flat lining moving up.

All IMHO, NAG, DYOR etc

Cheers

Ash:)

[mr ashley james] 04/7/2007 08:29

Platinum Australia Re Contract


RNS Number:6229Z
Platinum Australia Limited
04 July 2007



AIM Release



4 July 2007



SMOKEY HILLS EPCM CONTRACT AWARDED TO GRD MINPROC


Platinum Australia Limited (ASX:PLA) (AIM:PLAA) is pleased to announce that the
EPCM (Engineering, Procurement and Construction Management) contract for the
construction of the processing plant and related infrastructure for the Smokey
Hills Project has been awarded to GRD Minproc (Pty) Ltd ("Minproc").



PLA Managing Director John Lewins said: "We are extremely pleased to have the
continued involvement of Minproc in our Smokey Hills Project (the "Project")
into the construction phase following their role as Lead Engineer for the
Bankable Feasibility Study ("BFS"). Minproc will run the construction from their
Johannesburg office where they employ around 200 professional and technical
personnel with support, where required, from their main Perth Head Office".


"Minproc combines the knowledge and experience gained from developing many
successful projects in Australia with experience in Africa where it currently
has active projects in South Africa, Namibia, Ghana, Democratic Republic of
Congo and Zambia. We believe that this knowledge and experience combined with
their knowledge of the Smokey Hills Project from completing the BFS makes them
by far the best choice to construct the project".


"The award of this contract combined with the recent approval of the debt
component of ZAR256 million (US$37 million) for the Project by Standard Bank of
South Africa moves the Smokey Hills Project firmly into the development phase
and into an excellent position to complete construction and move into full
production in the shortest possible timeframe once the mining right is
received."




Smokey Hills Project


The Smokey Hills Project is located on the eastern limb of the Bushveld Complex
in the Limpopo Province, 300 kilometres north of Johannesburg.


PLA commenced a resource definition drilling program on the project in July 2005
and a BFS with GRD Minproc as the Lead Engineer in October 2005. The results of
the BFS showed the Project to be extremely attractive and very robust and able
to generate returns of over 70% on the Base Case assumptions and in excess of
600% using July 2006 metal prices and exchange rate.


The Company envisages commencing operations at Smokey Hills initially as an open
cut and then progressing to a shallow underground mine. During the initial phase
while the plant is under construction PLA proposes to mine ore for toll
treatment through a nearby plant to generate early cash flow. This phase would
last for approximately 12 months after which ore would be treated through the
on-site plant at a rate of 720,000 tonnes per annum, producing approximately
95,000 ozs 4E PGM (Platinum + Palladium + Rhodium + Gold) in a flotation
concentrate. This would be toll treated or sold to any one of a number of
smelters in South Africa, the nearest of which is less than 100 kilometres
distant.


PLA signed a formal Sale Agreement with Smokey Hills Platinum (Pty) Ltd ("SHP")
to acquire up to 80% of the Project through the staged acquisition of 100% of
SHP in May 2004. With this staged acquisition now complete PLA has an 80%
interest in the Project with the balance of the Project being held 5% by the
local community and 15% by Corridor Mining Resources, a company owned by the
Limpopo Provincial Government.






Yours faithfully
PLATINUM AUSTRALIA LIMITED
JOHN D LEWINS
Managing Director


Media Enquiries:
Sarah Allchurch
Allchurch Communications
P: [phone]
M: 0412 346 412

Media Enquiries:
Ron Marshman / John Greenhalgh
City of London Public Relations
P: [phone]


Further Comments:
Mr John Lewins
Managing Director
Platinum Australia Limited
P: [phone]
M: 0419 910 061




This information is provided by RNS
The company news service from the London Stock Exchange
END

CNTEADXLEESXEEE

[mr ashley james] 03/7/2007 02:08

Jules,

I have been looking at chart carefully, and I think now we have from what I can see Wave I complete in Five Impluse Waves and Wave III Complete in Five Impulse Waves Wave V is next Five Wave Move up.

I am coming out at AU$2.40, then AU$2.86 then AU$3.25

This presumes upgrading Smokey Hills into Probable and Proven Reserves on mining commencement, and hopefully a consistantly upgraded rating on KALPLATS Measured and Indicated Resources open pit down to 200 metres over the key original 12 km long EL and multiple orebodies therein.

The key here is when the Resources get more valuable the nearer to production they get.

As illustrated here:-

There is a report issued by Mining Business Digest in 2000, with an article actually listing the values paid for mining deals worldwide in The Mining Journal 15th December 2000, which sumarises ore reserve acquisition costs by North American companies during the 1990's. A Decade of Deals analysed 429 transactions (including 314 gold, 45 copper and 34 gold-copper deals), the numbers make interesting reading:-

END-1999 GOLD PROPERTY ACQUISITION COSTS (US$/OZ)
------------------------------------------PROPERTY TYPE---------------------
--------------------------Exploration-Development-Production-Corporate
Normal Expected Lower Limit--US$ 3------US$ 20------US$ 45------US$ 70
Expected Average-------------US$ 7------US$ 33------US$ 60------US$ 80
Normal Upper Limit-----------US$10------US$ 40------US$ 75------US$100

Lower-% of price*------------1.0%--------6.9%-------15.6%-------24.2%
Average-% of price-----------2.4%-------11.4%-------20.8%-------27.7%
Upper-% of price-------------3.5%-------13.8%-------26.0%-------34.6%

Note Upper and lower limits are for an "average" acquisition, and are often exceeded for various reasons. Source:Mining Business Digest. *End-1999 price of US$289/oz.
This is the equivalent table for Copper:-

END-1999 COPPER PROPERTY ACQUISITION COSTS (US$/LB)
--------------------------------------PROPERTY TYPE----------------
----------------------------Exploration---Development---Production
Normal Expected Lower Limit--US$0.005------US$0.015------US$0.045
Expected Average-------------US$0.010------US$0.020------US$0.060
Normal Upper Limit-----------US$0.020------US$0.030------US$0.085

Lower-% of price*------------0.6%-----------1.8%----------5.4%
Average-% of price-----------1.2%-----------2.4%----------7.2%
Upper-% of price-------------2.4%-----------3.6%---------10.2%

Note Upper and lower limits are for an "average" acquisition, and are often exceeded for various reasons. Source:Mining Business Digest. *End-1999 price of US$0.837/LB.


All IMHO, NAG, DYOR etc

Cheers

Ash:)

[capntubs] 02/7/2007 13:29

Nice one John - was she after your tonsils or was it the other way round!

[mr ashley james] 02/7/2007 03:47

Yikyak,

BTW I love the way Lewins puts the support levels in last time AU$0.95 now AU$1.72.

Nice when you need to add having a platform to put your stop loss below.

Really need to see some KALPLATS Resources numbers now want to know what the Bell Potter lucky Instis know.

Aquarius Platinum Limited ASX:AQP Chugging up again nicely no doubt ASX:PLA now financing out the way money in the bank will follow.

All IMHO, NAG, DYOR etc

Cheers

Ash:)

[mr ashley james] 02/7/2007 01:05

LOL Loved her 99.999999% Platinum Stethoscope!(;-)0

[mr ashley james] 01/7/2007 05:34

Ed Need to add AU$12.50m to Market cap less fees, also need Smokey Hills Mining Licence, plus KALPLATS Resource Upgrades per deposit, Queue wingeing Yikyak Minus Tonsils thankfully!(;-)0

He's not particularly Hardcore so I expect He will bring an attractive Nurse with him to explain some Fractual Banking Crisis or Detestation of Paper Money, quite rightly so I might add!(;-)0

Cheers

Ash:)