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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: E. Charters who wrote (12483)6/1/2006 4:47:10 PM
From: koan  Read Replies (2) of 78416
 
PGM's: I screwed that post up pretty good. More than usual-lol.

I meant to say 80% of pt is in south Africa. And it covers hundreds of miles of reefs. But very expensive to get out. But if PT is needed for catalysts a price of $2,000/$3,000 an oz may be enough to do large scale mining in south Africa and there is lots of PT there.

I meant to say 50% of PD(can't remember exact amount) is in Russia (most at norilsk).

Most of the PGM's are in those two countries, so they could easily form a cartel like opec.
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