PLG and SWC……….look interesting

I think this is a sleeper area…………

Yes, I find that investors in the PMs and Base metals often overlook the PGMs which really straddle those 2 sectors with a foot in both worlds. As a result, when the PGMs make much larger percentage gains/losses people don’t even notice because they are so hung up on Gold & Silver. Often the PGMs have much more torque in both directions, and there are not as many good miners to even choose from. Platinum Group Metals (PLG) and Eastern Platinum (ELRFF) are the only 2 S. African mines I consider investing in. The other 3 (Stillwater, Wellgreen Platinum, and North American Palladium) are in much safer jurisdictions.

I am also a big fan of Polymet (PLM), because of the PGM content in addition to the Nickel and Copper.

Another thing I like about Polymet lately is that things are looking up for their permits needed for construction, and much of the infrastructure is already adjacent to their property from past metals cycles, so it really just needs a brief overhaul, and they’ll be going right into production with Nickel/Copper/Platinum & Palladium:

PolyMet Final EIS Validated by State of Minnesota Clears Path for Permit Applications Required for Construction
March 3, 2016 3:03 PM

http://finance.yahoo.com/news/polymet-final-eis-validated-state-200321587.html

They are part of the Duluth mining complex and deposit, and I made a nice chunk of change on Duluth Minerals in 2015, who got acquired by Antofagasta. Most people don’t realize the huge mineral reserves in Minnesota and this whole area play is coming back to life again, and used to be a big mining area in the 50s and 60s.

FFM – You are correct though that the 2 most solid companies in the PGM space are Platinum Group Metals (PLG) and Stillwater Mining (SWC). They’ve both made really good runs lately and they’ve been lucrative to trade the last 2 months.

Thanks EX………for the follow up…..appreciate your hard work, I know it sounds redundant , but, I really appreciate the comments………..Jerry

Thanks FFM CCF. I am just glad to have someone to discuss the PGM market with. I’m actually surprised more people on this blog aren’t more interested in the space, but to each their own.

ditto

I sold out of my Polymet last week into the strength for a nice profit (too early at $1.19, because it reached $1.28, but good enough……). Well, I bought a position back yesterday at $1.00 and averaged down today at $.88, so I’m sitting at $.94. If falls further I’ll average down one more time, and if it jumps up north of $.94 I’ll trim.

I’m considering building a longer-term buy and hold position in Polymet personally, but just don’t know if the metals are all going to pull back in the spring and present a better buying opportunity. I want to get a very low cost basis in place on this one and also on PLG (which I just exited my position yesterday – It went too parabolic and I wanted to lock in all the gains). Stillwater I’m out of right now, but have traded it like 10 times in the last few months. In and out and in. It whipsaws just the right amount to provide good short-duration trades. Eventually, I want a longer term position in SWC as well though. I’m still of the opinion that at one point that Platinum will trade at a premium to Gold, and that Palladium still could outperform as it is replacing Platinum in many uses and it may get closer to price parity with it’s cousin Pt.

also, thanks for the post on the cabal………..and brief history……

always a great listen to , concerning just how corrupt the entire system has been for generations…..