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CA - Platinum Group Metals Ltd.: Probably Not For Us
CA Inc.
2024-06-20 14:41:02 ET
Summary
Platinum Group Metals has an interest in the Waterberg project which is in the development stage in South Africa.
The technical study provides an NPV figure, which has remained substantially unchanged since the report was published in 2019.
To our understanding, based on that NPV figure, it would seem that PLG is around fairly valued, with negative NPV effects from weaker PGM markets offset by co-products appreciation.
It is on the higher end of valuations when not considering Lion Battery Technologies.