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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (44463)	9/21/2011 2:45:32 PM
From: Sergio H	Read Replies (2) \| Respond to of 78667

Looking over AGPPY.PK and haven't been able to determine if they have mines in Zimbabwe. foxbusiness.com Also found three ETFs, PPLT, PGM and PTM. Have only looked over PPLT so far, which is actual holdings of Platinum which would naturally rise in price if there is a disruption in supply. Interesting, besides catalyctic converters, Platinum is also used in LED and glass products. For Paul, Platinum was discovered in the 1930s.

To: E_K_S who wrote (44463)	9/21/2011 3:33:58 PM
From: Spekulatius	Respond to of 78667

re AGPPY - Anglo mining does not look like a value to me. PE ~14, EV/EBITDA ~12x. you get a lot of mining stocks extracting Copper, Iron etc. for half that valuation and less. they also suffer from signficant cost pressure (wages, higher Rand etc. ) While Pt has industrial uses, most of the material used is recycled so the effective consumption is much less than the gross consumption. The high price also encourages economical use (cats using less and less material) and replacing it with other/cheaper metals (Palladium being one of them).