Platinum Group Metals (TSX:PTM) (NYSE AMEX:PLG) CEO Mike Jones joins James West for a discussion about his company's progress in the construction of the Western Bushveld Joint Venture Project 1 platinum and palladium mine.
The company has funded $100 million of the project which will require a total investment of $443 million. The company has a robust portfolio of projects in both Africa and Canada.
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About Platinum Group Metals
Platinum Group Metals is based in Johannesburg, South Africa and Vancouver, Canada. The Company's main asset is a 74% interest in the Project 1 Platinum Mine near Rustenburg, South Africa, where an initial construction budget of USD $100 million is in progress, including underground development. Project 1 has estimated steady state production of 275,000 ounces per year of platinum group metals based on an October 2009 Updated Feasibility Study. Platinum Group also has active exploration programs with drilling at the Sable Joint Venture and Waterberg Joint Ventures in South Africa and active exploration in Canada for platinum and palladium.
About Midas Letter Money
Midas Letter Money is the show about commodities, energy, and natural resources and the public companies who seek for and develop them. Hosted by James West and distributed to 450,000 installed subscribers to the Thomson Reuters Insider platform, the show is available at insider.thomsonreuters.com or at http://www.midasletter.com
Contact: James West
midasletter@midasletter.com (mailto:midasletter@midasletter.com)
http://www.midasletter.com (http://www.midasletter.com)
(416) 598-9181
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Source: Midas Letter Portfolio Advisors AG via Thomson Reuters ONE
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Midas Letter Portfolio Advisors AG via Thomson Reuters ONE
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© 2012 GlobeNewswire (Europe)
