SOUTH AFRICAN MINING Message Board

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Gold/Mining/Energy : SOUTH AFRICAN MINING

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To: Ptaskmaster who wrote (371)	2/13/1999 9:40:00 AM
From: chevalier	Read Replies (1) of 472

Probably the best way that I know of to play the PGE's is to buy shares in a little company called Platexco which trades on the Toronto Stock Exchange under the symbol PTX. Not many know this but they have a 19 million ounce deposit in the Bushveld Complex with the deposit intersected both the UG2 and the Merensky Reefs. They are probably the only junior with land in the area. Waiting for a pre-feasibility study to be completed and their is no doubt it will prove economic. The reason to buy this stock is simple: 1)the last time platinum ran to $400+ this stock traded close to $7 (currently at $3.50) and 2)its a sure takeover target for either Impala or Anglo Platinum at some point. I would suspect that once pre-feasibility is in hand someone is going to bite. Management has a history of finding and selling PGE deposits. Cheers, Ari

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