Platinum Mining Of India Share Discussion Threads

[mikehardman] 17/11/2005 14:36

44p valuation in WHIreland's BUY note out today

[topinfo] 15/11/2005 13:44

Masses of potential.!!

[hermana] 14/11/2005 16:04

Top,no platinum found yet but plenty of potential.

[topinfo] 14/11/2005 15:07

Cant believe this is not reacting positively to the new high on platinum prices.!!!

[money4me] 11/11/2005 16:17

good drilling results??

[topinfo] 11/11/2005 09:08

Yeah but remember they are financial results, wait til we get drilling results.!!!

[mikehardman] 10/11/2005 16:14

difficult to get excited about results today, OK for cash

[topinfo] 07/11/2005 20:45

When she finally blows it will be a massive rise, very quick.!!!

[roodboy] 07/11/2005 11:29

agreed - keep it quiet tho ;)

[money4me] 05/11/2005 10:48

still looks like a multi-bagger, current mkt cap under £30M with resources of £250M approximately or more

[topinfo] 01/11/2005 14:13

Small tick up again...Slow but improving

[topinfo] 31/10/2005 17:36

This will rocket very soon on further drilling updates in November. Watch this closely, news will be coming out all the time now..

[roodboy] 31/10/2005 10:53

its not new info as far as i can tell but it does reiterate the huge potential for PMCI - just management letting everyone know they are still alive and progressing well to the original plan

this is just a warm up to the positive news expected this quarter...

[superdonkey] 31/10/2005 09:03

"the in-situ value of platinum and palladium
contained in the resource within the Company's lease area is, at today's prices,
estimated to be in excess of US$340 million, before any capital and operating
costs, based on a platinum:palladium ratio given by BRGM of 1:1."

Why hasn't share price risen on this news !!!

[roodboy] 31/10/2005 07:58

Operational Update


RNS Number:3386T
Platinum Mining Corp of India PLC
31 October 2005



PLATINUM MINING CORPORATION OF INDIA PLC



DRILLING PROGRAMME TO START AT BOULA AND RESULTS OF SAMPLING OF PRE-MINED ORE



31 October 2005



Platinum Mining Corporation of India PLC ("PMCI" or "the Company") announces
today an operational update on its drilling programme and recent sample results.



The Company is pleased to announce that a drilling contract has been signed with
Mining Associates of India. Two diamond core rigs are currently being
established on site and the initial 5,000m drilling programme will begin during
the first week of November 2005 at the Boula platinum deposit. In addition the
Company has started an extensive programme of channel sampling at the exposed
faces in the open pit formed by the previous mining of chromite ore at the
Shankar Pit at Boula.



Together the two programmes are aimed to complement previous work completed by
Bureau de Recherches Geologiques et Minieres ("BRGM") in 1997, which comprised
mapping, stream-sediment and rock geochemistry analysis and the drilling of 7
diamond drill holes, totalling 1,175m within the Company's lease area. Drilling
at Shankar at the time was restricted by open pit and underground mining
activities, but channel samples were collected from the underground development
of the chromite lodes to confirm the continuity of the geology and PGM
mineralisation at depth.



As outlined in the Company's prospectus filed at the time of the Company's
flotation on AIM, BRGM reported an indicated, plus inferred, mineral resource as
defined by the Counsel for Mining and Metallurgical Institutions of 14.2Mt with
a combined platinum plus palladium grade of 1.5g/t (680,000ozs), of which more
than 12Mt at the same average grade is within the Company's lease area. This
estimate was based on a cut-off grade of 0.5g/t platinum plus palladium and
comprised:



* An indicated mineral resource of 7.7Mt with an average grade of 1.6g/t
Pt+Pd; and



* An inferred mineral resource of 6.5Mt with an average grade of 1.4g/t
Pt+Pd.



Based upon this resource assessment, the in-situ value of platinum and palladium
contained in the resource within the Company's lease area is, at today's prices,
estimated to be in excess of US$340 million, before any capital and operating
costs, based on a platinum:palladium ratio given by BRGM of 1:1.



PMCI has now received the initial results of a systematic sampling programme
from the surface of the 26.1 million tonnes pre-mined stockpile resulting from
the previous chromite mining operation at the site. A total of 160 of these
samples were randomly selected and sent to Shiva Laboratories in Bangalore for
sample preparation and assaying. In addition 21 of the sample pulps prepared by
Shiva were sent to OMAC in Ireland for check assaying. The Shiva and OMAC
results are closely aligned. It should be noted that the interior of the dump,
which contains finer material, has not yet been tested. The grades of the
samples tested range from 1.2g/t to 2.3g/t combined platinum, palladium and
gold.



Richard Healey, Executive Chairman of PMCI commented:



"Following the end of the monsoon season the Company has embarked on an
extensive evaluation programme to prepare a resource estimate and complete the
initial technical evaluation. The results to date are in line with our
expectations. We are encouraged that these results appear to confirm those of
earlier work by BRGM and FACOR, our joint venture partner. Our programme of
channel sampling is already underway and drilling is due to commence shortly.
We look forward to announcing the results of these programmes in due course."



Enquiries to:


Richard Healey, Chairman Philip Haydn-Slater, Corporate Broking
Platinum Mining Corporation of India PLC W.H. Ireland Limited
Telephone: [phone] Telephone: [phone]


Simon Rothschild
Bankside Consultants
Telephone: [phone]



Company Profile:


Platinum Mining Corporation of India PLC floated on AIM in April 2005 having
raised #14 million (before expenses) by way of a share placing at 22 pence per
share. Over the next 18 months the Company's expects to complete its exploration
programme, resource estimate and technical evaluation.



A wholly owned subsidiary of the Company, PMCI (UK) Limited ("PMCI (UK)"), has
entered into an agreement (the ''Joint Venture and Shareholders' Agreement'')
with an Indian company, Ferro Alloys Corporation Limited (''FACOR''), to explore
and evaluate an area in India for platinum group metals ("PGMs"). FACOR is a
company listed in India on The Stock Exchange, Mumbai.



The area for the Company's exploration is in the State of Orissa, 120 km to the
north of the State Capital, Bhubaneswar. Orissa is a maritime state on the east
coast of India between the states of West Bengal and Andhra Pradesh. FACOR is
the holder of a lease to mine chromite, serpentine and magnetite in an area of
some 187 hectares (the "Mining Lease"). In 2004, the State Government of Orissa
approved the extension of the Mining Lease to include exploration for and
exploitation of PGMs and other precious metals.



The Joint Venture and Shareholders' Agreement was entered into on 5 February
2005 and provided for the formation of a new company to be incorporated in
India, Boula Platinum Mining Private Limited, (''BPM'') to explore for,
evaluate, develop, mine and process PGMs and other precious metals at the
existing chromite mine at Boula, District of Keonjhar, the State of Orissa (the
"Boula Mine"). FACOR has agreed to transfer the Mining Lease to BPM, subject to
obtaining the consent of the State Government of Orissa. PMCI (UK) owns 70% of
the issued share capital of BPM and the remaining 30% is owned by FACOR.


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

[shafhi] 24/10/2005 15:19

reason for purchase, it simply went to a low and ready for a turnaround,not a get away

[topinfo] 24/10/2005 10:35

Here we go...prepare for lift off v soon.!!!

[hermana] 24/10/2005 09:16

roodboy,you bet they can!Float price 22p + 5%comm = 24 p.

[roodboy] 24/10/2005 09:03

any reason for your purchase?

i believe news due in next few weeks - and these can still be picked up below float price ...

DYOR etc

[shafhi] 24/10/2005 08:49

bought 22500@ 15.5 and 27500@ 16.00 thanks

[hermana] 17/10/2005 20:13

roodboy,nada mas.

[roodboy] 17/10/2005 19:48

were there even any trades today?

[money4me] 14/10/2005 16:06

maybe bottom out around 14p again. thought there might have been more buying prior to drilling and announcements??

[mujahid2] 13/10/2005 09:09

Gmorn all good read, however i thought drilling would commence mid octoder late september after the monsoon.. Are we looking at november now ?
Also at this point in time are we not supposed to have institutional funds investing into platinum mining..

Regards

[money4me] 12/10/2005 17:53

only thing it's doing is dribbling down