My TOP10 picks list in (Silver & Gold) Mining companies 4/10
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PLG Platinum Group Metals is not really a Gold or Silver Mining Stock (even if it has 1.25 M ounces of Gold in its reserves), however it is part of the Platinum Palladium complex and is a very compelling investment at this stage.
It has barely a 200 million MarketCap with an almost 20 MILLION ounces of PGM's !!!
It projects a 45+ mine life with a future production of more than 400'000 million ounces per year !! Moreover it has a very low production cost of about 650$ per ounce !!
There are so many things to say about this company. I suggest you go and have a look at their homepage and presentations.
Technically price has broken out of the bullish descending wedge that has been forming during the last 4 years. The breakout occurred in March 2024. After having taken out the 200 MA it has bounced off of it and is rising fast towards the 2 dollar mark. There is a significant price by volume cluster at the 1.65 $ mark. This has been taken out successfully !!
The last time price cleared the 2 dollar mark, it consequently shot up over six dollars in about 40 days !!
Will it happen again ??
It has barely a 200 million MarketCap with an almost 20 MILLION ounces of PGM's !!!
It projects a 45+ mine life with a future production of more than 400'000 million ounces per year !! Moreover it has a very low production cost of about 650$ per ounce !!
There are so many things to say about this company. I suggest you go and have a look at their homepage and presentations.
Technically price has broken out of the bullish descending wedge that has been forming during the last 4 years. The breakout occurred in March 2024. After having taken out the 200 MA it has bounced off of it and is rising fast towards the 2 dollar mark. There is a significant price by volume cluster at the 1.65 $ mark. This has been taken out successfully !!
The last time price cleared the 2 dollar mark, it consequently shot up over six dollars in about 40 days !!
Will it happen again ??
Note
My personal cost average basis is 1.40 $
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