Thanks for turning me on to MenthorQ, a new follow for me. I think the best take I've seen on platinum group metals came from a Sibanye employee interview, he said the elements are so rare and so useful, that they will keep on being mined. I think that's the right take. You can drill down into platinum for catalysts for the hydrogen economy, oil refining, hybrid vehicles, nitric acid catalysts, medical implants, glass additives, fuel cells, etc. but it's a commodity that will keep on being mined.
New subscriber, 1st time caller......how difficult to process or monetize "60 million pounds of Uranium in their tailings" ? I heard Justin Huhn/Uranium Insider say something to the effect that this is a bit of an issue.
A gorgeous pile of uranium with issues. I know gal like that.
Yeah, safe to assume that it won't be fast, and it will be costly. No numbers have been released yet, but typically nobody would move forward and risk capex for less than a 14% - 20% gross margin. Then rising uranium prices would increase profitability afterward.
interesting thread on Platinum and ETF flows, futures positioning and....hybrid sales.
https://x.com/MenthorQpro/status/1812157448880328890
hmmmm.....you and MenthorQ are never photographed together....Noted.
Thanks for turning me on to MenthorQ, a new follow for me. I think the best take I've seen on platinum group metals came from a Sibanye employee interview, he said the elements are so rare and so useful, that they will keep on being mined. I think that's the right take. You can drill down into platinum for catalysts for the hydrogen economy, oil refining, hybrid vehicles, nitric acid catalysts, medical implants, glass additives, fuel cells, etc. but it's a commodity that will keep on being mined.
New subscriber, 1st time caller......how difficult to process or monetize "60 million pounds of Uranium in their tailings" ? I heard Justin Huhn/Uranium Insider say something to the effect that this is a bit of an issue.
A gorgeous pile of uranium with issues. I know gal like that.
Yeah, safe to assume that it won't be fast, and it will be costly. No numbers have been released yet, but typically nobody would move forward and risk capex for less than a 14% - 20% gross margin. Then rising uranium prices would increase profitability afterward.
still a good bet?
https://www.mining-technology.com/news/sibanyes-palladium-closure-slump/
Better now with gold at $2,500 an ounce. Platinum and Palladium should bounce back on the next auto manufacturing up cycle.