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how significant ??

DISCUSSION STARTED BY: vanity9 - July 16th, 2008 - 1:58 PM
vanity9
+135-20

Is this news as forshadowing as it appears ? ? 

 I don't like to get excited, but it seems these guys are on the brink of a major discovery beside the only producer of PGM's in the country!!

The regression curve suggests that the Rhodium content of the Stillwater peridotite zone samples is approximately 9% of the grade of Pt assay. Drilling in 2007 at the Chrome Mountain project hosts an approximate 11:1 ratio of Platinum to Rhodium with a high of 0.336 g/t Rhodium assayed to date.

 

grades are unheard of for rhodium,  the market hasn't had a chance to react to it yet I presume,  

V 

BY: twintowers - July 18th, 2008 - 12:08 PM
twintowers
+551-56

Re: how significant ??

"I would agree. Rh like that is not found just anywhere... you do how ever have a lot of people out of town... it's only a matter of time."

If I am repeating myself, bear with me. NO...Rh is as rare as hen's teeth, it is not found everywhere. Gold on the other hand is as common as garters snakes in a swamp - the only deal is if the source is economical to mine. But with the price of Au moving up the charts, I expect that more sources of gold will suddenly have their day in the sun.

But Rh is rare - it travels with Platinum, but not always. It is NOT found on its own. So, where do we get most of our Platinum from? South Africa and Russia. Both countries are proving inconsistent when it comes to being able to deliver the goods.

Now if PEM can lock down a source of Rh...and its in the middle of the US, we will be laughing. Because I do not see the South African government being able to solve their energy crisis within the next decade. As to the Russians, they are moving backwards thanks to the new round of more sophisticated corruption. As well, there is a thus far untalked about problem over there when it comes to rail cars. Yes, rail cars. They could load, ship and sell product but are short of transportation within their sprawling country. Just look at the coal fiasco over there, and you'll know what I"m talking about.

China is desperate for coal. We can set aside the port problems and the flooding in the Land of Aus and just concentrate on Russia. They are unable to guarantee shipments of crappy metalurgical coal to the Chinese....because they can't find the rail cars. Seems that some of them have gone missing and no one told head office. Hah!

So once again, our focus is on PEM, Chrome Mountain. The sizzle, the jam, the g-spot...whatever you want to call it for PEM is MONTANA. End of story.

BY: twintowers - July 18th, 2008 - 11:50 AM
twintowers
+551-56

Re: how significant ??

"And the news release wasn't very easy to find as well. I didn't see it until yesterday.."

I don't know about that, as I thought the news was being blasted around the planet. Whatever...

And not only does the market not understand what they are reading - they don't understand the values (yet). So here goes...ROUGH estimate based on gold values:

CM2007-02 - and without adding in the nickel and copper values, we are looking at 2.8 grams of gold per ton over 50 metres.

CM2007-04 - and without adding in nickel and copper values, we are looking at 1.2 grams of gold per ton over 116.7 metres.

This looks very, very good. And from what I"m gathering can only get better, not worse.

BY: GrandpaJack - July 18th, 2008 - 10:34 AM
GrandpaJack
+79-2

Re: how significant ??

And the news release wasn't very easy to find as well. I didn't see it until yesterday.

BY: A.Rush150 - July 18th, 2008 - 9:12 AM
A.Rush150
+59-0

Re: how significant ??

I would agree. Rh like that is not found just anywhere... you do how ever have a lot of people out of town... it's only a matter of time.

BY: twintowers - July 18th, 2008 - 7:58 AM
twintowers
+551-56

Re: how significant ??

"grades are unheard of for rhodium, the market hasn't had a chance to react to it yet I presume, "

That is it in a nutshell. My group was like everybody else back in October of last year...knew diddly about Rh. Hell, some brokers I know didn't even know how to spell it. But all that will change as the word continues to spread. You can even use add Rh to Kitco's live feed and stay updated on the spot price. Like right now - $9460.00 per ounce.

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