Platmin Share Discussion Threads

[nutt] 22/7/2008 15:48

Don't worry the new Copper Co prop do amerger etc with ppn,then they can all be under valued together.

[utwiq] 22/7/2008 15:31

latest NR: ahead of schedule, on budget, not at risk from power problems, economics improved from BFS because of smelting offtake agreement and because platinum prices are roughly double assumed level...

and so the price has collapsed. The market is totally insane (and illiquid).

[compoundup] 25/6/2008 14:46

PPN has not "defied logic" in my view because they may talk of a lot of ounces but have to process a huge amount of material to recover them, hence the IRR is relatively disappointing on the 3 major projects. The following from an RBC report on the sector:

[cyberian] 24/6/2008 23:27

With Xstrata rumoured to be looking at acquiring Aquarius Platinum (AQP), one would think that in view of the large corporate block holding here, that PNN could be next or an alternative play. The company is well advanced and one connected shareholder added 25% late last year at circ £4.90 a share, and currently holds 27% plus. Just a thought as the share price at PNN has defied logic with finance and development completed for production in early 2009....quite a bargain for Mittal who own over 10% and are seen to be quite aggressive in advancing their future needs.

[pillion] 22/5/2008 17:18

Plenty small buys today

[looneytune] 07/5/2008 17:52

Update Re: Power Supply

RNS Number:9301T
Platmin Limited
07 May 2008




PLATMIN SECURES POWER SUPPLY FOR PILANESBERG MINE

ON TRACK FOR NEAR-TERM PRODUCTION


May 07, 2008,


TORONTO: Platmin Limited ("Platmin", TSX/AIM: PPN) is pleased to announce the
acceptance of Eskom's (the South African power utility) quotation for 37MVA of
new power supply for its subsidiary Pilanesberg Platinum Mines (Pty) Limited
("PPM"), which is situated on the western limb of South Africa's PGM-rich
Bushveld Complex

Eskom has already provided a temporary power supply of 1.5MVA for the
construction phase of the Pilanesberg mine, which is on track to commence
production in the first quarter of 2009.

Platmin CEO Ian Watson said today, "After extensive engagement with Eskom for
several years, securing of the power supply is an important milestone in our
plans to bring the Pilanesberg mine into production early next year. We are
confident that Eskom will meet their contractual commitment to supply grid power
to PPM in time for production start-up"

The 37MVA supply installation will comprise:


* the building of a new Pilanesberg regional sub-station to cater for all
new projects in the area

* installation of two newly-fabricated 20MVA transformers, of which Eskom
has taken delivery on behalf of PPM; and

* 44km of overhead 132kV transmission lines


In order to account for potential future power interruptions, load reductions or
delays with regards to the above stated supply the company is working on the
following mitigating steps:


* Sufficient run-of-mine ore will be stockpiled. The mine is an open pit
operation and does not require electrical power for mining.

* The plant design has a provision for operating under several reduced power
supply scenarios. The design also includes a 1MVA emergency generator that
will maintain supply to critical items such as thickeners, agitators and
pumps so that the plant can be restarted immediately once the power is
resumed.

* The installation of stand-by generators on site to enable up to 10MVA of
power supply to counter all partial interruptions and to allow for
continuation of at least the UG2 concentrator (which has the highest profit
margin) under all circumstances.

* Investigating the installation of power factor correction equipment,
to maximize efficiencies, and alternative power supplies.

Negotiations with Eskom such that any planned full power outages can be
coordinated with mine management to coincide with the planned maintenance
periods on the plant equipment which is presently designed as 10% down-time


"Power costs at PPM are expected to be approximately 6% of the operating costs,
or US$32/oz of 3PGE+Au, compared to 10-20% in the peer group of underground
platinum mines within the Bushveld Complex. This low power utilization, coupled
with open pit mining, makes our operation less sensitive to power outages than
the industry in general." Watson continued.


About Platmin

Platmin is an explorer and emerging PGM producer whose four key projects host
mineral resources and reserves: Pilanesberg, Mphahlele, Grootboom and Loskop.
The Pilanesberg Project is under construction with production expected in 2009.
All of Platmin's projects are located in the Bushveld Complex of South Africa,
which is estimated to contain approximately 90% of global platinum mineral
resources.


Definitions:

In this Market Release "3PGE+Au" means: Platinum ("Pt"), Palladium ("Pd"),
Rhodium ("Rh") and Gold ("Au"), "MVA" means Mega Volt Ampere.

Information contained in this Market Release is based on a National Instrument
43-101 (Standards of disclosure for Mineral projects) ("NI" or "National
Instrument 43-101") and Canadian Institute of Mining, Metallurgy and Petroleum
(commonly known as the "CIM" standards) compliant Independent Technical Report
dated August 7, 2007 which has been filed on SEDAR and is available to be
downloaded from www.sedar.com.



For Further Information


Ian Watson, Chief Executive Officer, [phone]
Terry Holohan, Chief Operating Officer [phone]
Keith Liddell, Executive Deputy Chairman, [phone]
Fiona Owen, Grant Thornton Corporate Finance (Nomad), [phone]


NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRE
SERVICES

FORWARD-LOOKING INFORMATION, FUTURE ORIENTED FINANCIAL INFORMATION AND FINANCIAL
OUTLOOKS

Certain statements contained in this market release constitute forward-looking
information, future oriented financial information, and financial outlooks
(collectively "forward-looking information") within the meaning of Canadian
securities laws. Forward-looking information may relate to this and other
matters identified in Platmin's public filings, Platmin's future outlook and
anticipated events or results and, in some cases, can be identified by
terminology such as "may", "will", "should", "expect", "plan", "anticipate", "
believe", "intend", "estimate", "predict", "potential", "continue" or other
similar expressions concerning matters that are not historical facts. Actual
results may vary from such forward-looking information for a variety of reasons,
including those set forth below.

Forward-looking statements in this Market Release include among others:
receiving 37MVA electrical power supply from Eskom for Platmin's Pilanesberg
project, receiving a budget quotation from Eskom, not being affected by any
interrupted power supply from Eskom, completion of fabrication of the two
dedicated 20MVA transformers, connection into Eskom's grid at all or on time for
commissioning of the plant, conclusion of any off-take agreement.

Such forward-looking statements are based on a number of material factors and
assumptions, including, that contracted parties provide goods and/or services on
the agreed timeframes, that equipment necessary for construction and development
is available as scheduled and does not incur unforeseen break downs, that no
labor shortages or delays are incurred, that plant and equipment functions as
specified, that no unusual geological or technical problems occur, and that
on-going contractual negotiations will be completely successful and progressed
and/or completed in a timely manner.

There can be no assurance that Platmin's actual results will match the
forward-looking information as a result of a number of risks, including any
unforeseen way power cuts, brown outs or "Load Shedding" or similar events
resulting from any inability of Eskom to supply Platmin's projects with power
requirements or otherwise normal hazards (geological, technical, and production)
associated with mining operations), adverse currency fluctuations, and those
risks publicly disclosed by Platmin in its filings available at www.sedar.com.
While we consider these assumptions to be reasonably based on information
currently available to us, they may prove to be incorrect.

[compoundup] 31/3/2008 12:09

Agreed wassapper it looks like a goer - just comparing tortoises and hares - not that the theory always works ;-)

Don't know what happened to post 7 but was supposed to finish "...sub $300 per oz including self-generated power"

[wassapper] 31/3/2008 08:17

No but I can read and look at a Pt price chart.

[georgeski] 30/3/2008 21:53

wass you an accountant.

[wassapper] 30/3/2008 20:37

Compound - the BFS showed a 2.5 year payback and 21% IRR at a Pt price of less than $1,000. You may have observed the Pt price is now over $2,000. This is a very economic project.

[compoundup] 27/3/2008 19:29

Disappointingly high cost per oz of US$ 511 per oz plus 10%ish to cover probable uplift in Eskom electricity prices. Disappointing grades seem to be the reason.

Comparatively PLAA has similar open pit plans at Kalplats with

[andy] 26/3/2008 11:52

Frizzers,

I certainly agree with that comment, for most stocks at least!

[andy] 26/3/2008 11:52

Proactiveinvestors.com have written a new article, available here;

[ianwc] 18/3/2008 16:23

indepth comment frizzers!

[lasata] 20/2/2008 15:41

JOHANNESBURG -

Platmin, the TSX and AIM-listed platinum explorer with projects on the South African Bushveld, is determined to capitalise on a "dip" in platinum supply and phenomenal PGM prices by starting production at its Pilanesberg mine in first quarter 2009.

Platmin CEO Ian Watson said after the company announced that the SA department of minerals and energy had granted it mining rights for the Pilanesberg project that Platmin's risk assessments for the project have not only covered water and power supply, but also the delivery of essential imported items, such as mills.

Watson said the Platmin feasibility study assumed a platinum price of $960/ounce and rhodium price of about $400/ounce. At these lower than current PGM prices the $208m (R1.6bn) project would be "cashflow positive" in 2.5 years, enabling Platmin to inject cash in further projects.

For this reason Platmin is in a rush to get the project going early, he said.

The Pilanesberg project is expected to produce 250,000 3PGE and gold ounces annually by 2010 and half of this during 2009. It currently has a mine life of 16 years that could be extended if additional mineral resources on properties under the mining right is drilled and exploited.

Watson allayed fears that limited power supply in South Africa could delay the development of the project or disrupt production by saying a 1.5 MVA Eskom line was currently supplying uninterrupted power for construction work at Pilanesberg as Eskom supported development.

Eskom has also approved a 40 MVA electrical power supply to the project, but the company has secured alternative power supply for 10% of its needs in case problems with power supply in South Africa persisted.

Watson said Platmin has budgeted for diesel generator power from established international suppliers who supplied power to mining projects in central Africa.

The company planned to grow by progressing its M'Phatele project to feasibility stage, completing a pre-feasibility on Grootboom and continuing development of its Loskop project.

Platmin has appointed quality and experienced people and wanted to remain an independent player, but would itself consider "expansion and acquisition opportunities" where synergies with other players existed.

Watson added that the company could potentially produce sufficient concentrate to warrant its own smelter. Therefore Platmin was earnestly investigating the possibility of building a smelter with capacity of more than 500,000 PGM ounces a year.

[pillion] 07/1/2008 17:32

Platinum at record price





More charts here

[hoylek] 30/11/2007 11:30

Proactiveinvestors.com have written an interesting article







Platmin


South Africa's next independent PGM producer. True or False?
By David Rowland
Article Date: 30-11-2007

Additional: Information
Market: AIM
Sector: Mining
News: Latest
Market Data: Additional Charts
Web Site: platmin.com
# Other Articles: 30-11-2007

















Platmin claims that it will be South Africa's next independent PGM producer. It is well placed to be the next producer – but will it manage to stay independent?


"South Africa's next independent PGM producer" is the title Platmin gave to its last corporate presentation just a couple of months ago at the Africa Down Under conference. That's an attention-grabbing assertion; you might even call it flirtatious. Yet Platmin seems to attract a remarkably low level of interest from private investors both in Canada and the UK, certainly if silent bulletin boards are anything to go by. This odd mismatch begs for closer inspection.

[utwiq] 29/11/2007 21:01

a pair of articles on platmin:





(there is another around somewhere...)

[skyfoot12] 20/11/2007 13:43

South Africa: Platinum On the Back Foot for Now, But Not for Much Longer

Business Day (Johannesburg)

20 November 2007
Posted to the web 20 November 2007
hi-lites:
PLATINUM retreated rapidly last week from its record high of $1484/oz as a spate of news encouraged speculators and industrial users to step up activity in the market.

Small companies that embarked on new mine projects include Platmin, whose Pilanesberg project will generate 250 000oz of platinum group metals a year;

"Predictions of long-term demand for platinum basically revolve around scenario planning, involving exchange rates and
various price levels," Gerner said. "But demand for platinum is certainly growing.