WELCOME TO PROPHECY PLATINUM
Prophecy Platinum Corp. (TSX-V: NKL, OTC-QX: PNIKF, Frankfurt: P94P) is a mineral exploration company focused on developing platinum group metals (PGM) and nickel sulphide projects. Defining and driving the company, is its flagship Wellgreen PGM Nickel property in Canada’s Yukon Territory. Prophecy’s further holdings include the Lynn Lake Nickel Copper project in Manitoba, the Las Aguilas Nickel PGM deposit in Argentina, as well as five prospective claims in Uruguay. In June 2011, Prophecy Platinum was spun off from Prophecy Coal (TSX: PCY). Prophecy Coal currently owns 22.5 million shares (approx. 42%) of Prophecy Platinum.
Wellgreen PGM Nickel Resource
| Tonnes (t) | PGM+Au (g/t) | Ni (%) | Cu (%) | |
|---|---|---|---|---|
| Indicated | 14 Million | 2.25 | 0.69 | 0.62 |
| Inferred | 289 Million | 1.18 | 0.38 | 0.35 |
Based on resource estimated at 0.4% NiEq cut-off
| Metal | Indicated | Inferred |
|---|---|---|
| Nickel (Ni) | 0.22 Billion lbs. | 2.42 Billion lbs. |
| Copper (Cu) | 0.20 Billion lbs. | 2.23 Billion lbs. |
| Cobalt (Co) | 15.77 Million lbs. | 191.30 Million lbs. |
| Platinum (Pt) | 0.46 Million oz. | 4.93 Million oz. |
| Palladium (Pd) | 0.34 Million oz. | 3.91 Million oz. |
| Gold (Au) | 0.24 Million oz. | 2.14 Million oz. |
| PGM+Gold | 1.04 Million oz. | 10.97 Million oz. |
Based on resource estimated at 0.4% NiEq cut-off, and 100% metals recoveries
Why Invest in Platinum and Palladium?
Among the most rare, valuable and sought after metals on Earth, the platinum group metals (PGM) family consists of six elements: platinum, palladium, rhodium, iridium, osmium and ruthenium. Along with gold and silver, PGMs are classified as precious metals, and share characteristics that make them particularly well-suited to industrial, medical and jewellery applications. Platinum and palladium are the most well-known of the PGMs, with platinum’s per ounce price historically exceeding that of gold.
Highly lustrous and of unsurpassed beauty, platinum and palladium are highly-prized by jewellery artisans and aficionados. This represents only a fraction of demand, however. Coupled with scarcity, it is the chemical properties of PGMs – high conductivity, high melting point, stability, inertness, catalytic properties – and the industrial uses that derive therefrom which primarily drives demand.
While the primary use of PGMs is within automobile catalytic converters, which dramatically reduce vehicle emissions, platinum and palladium are also becoming increasingly popular investment vehicles. Bullion coins are available from major mints, including Canada and the US, and platinum-based exchange traded funds have also emerged in recent years.
In spite of expanding demand and an historically low platinum/gold price ratio, annual production of platinum group metals is in decline. Today, production is approximately 20% that of gold, and a mere 4% that of silver. Of current global supply, approximately 90% originates from South Africa, Russia and Zimbabwe. Rich in PGMs, along with Nickel and Copper, Wellgreen is conveniently located in Canada’s mining-friendly Yukon Territory and sits just 15km by road from the Alaska Highway.
COMPANY UPDATES
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October 18, 2011John Lee, CEO and Chairman of Prophecy Coal, explains he's bullish on platinum on CNBC Squawk Box Asia.
Watch it here >>





