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Sharetrader78's avatar

I agree 100% the PGM prices will make a record spike in value within the next 12-24months .. I avoid the likes of South Africa as they are becoming a basket case having to now import fresh water .. POD on the ASX is a great PGM investment location WA Australia large PGM Reef like SA miners have been mining for decades.. present resource 6Moz PGM5 to 250m deep but they are hit the same high grade PGM reef 500m deep and studies show it should well run to 2km deep so potentially 24Moz PGM5 + Cu +Au … worth less than $10mill USD !!!!!!

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BlackCat's avatar

Nice, I was halfway through PGPs.

1) I thought platinum is used for diesel, palladium for gasoline, though that can be changed if you retool.

2) I haven't been able to find a recent cost curve for platinum/palladium. Where do you get that the current platinum price of $900+ is below production cost?

3) Newer ICE cars automatically stop/start their engines at traffic lights, but I don't know if this uses PGPs as a catalyst. https://www.autoevolution.com/news/the-engine-start-stop-systems-conspiracy-108734.html

4) Theres a big "South Africa" risk when buying producers. An ETF holding the metal is a much safer way to invest (and it'll go up if SA cant keep the lights on....google for SA's electricity probems).

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