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Platinum Group Metals (TSX: PTM) has unveiled a price tag of US$874 million for a 45-year operation at Waterberg which it believes would be “one of the largest and lowest cash cost underground PGM mines globally”.
Leading platinum producer Implats must now decide whether to further back Waterberg. Image: Jacques McCarthy
The release of the independent definitive feasibility study means the ball now moves to Impala Platinum's court, which can opt to increase its Waterberg stake from 15% to 50.
Auditor doubts company's ability to continue as going concern
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