My TOP10 picks list in (Silver & Gold) Mining companies 4/10
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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.