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Prophecy Platinum Corp.TICKER: NKL:TSX.V; PNIKF:OTCPK; P94P:FSEProphecy Platinum Corp. is a growth-focused platinum group metals (PGM) exploration company with projects in the Yukon territory, Ontario and Manitoba, Canada. The company's 100% owned Wellgreen PGM-Cu-Ni project, located in Canada's mining-friendly Yukon, is one of the world's largest PGM deposits and one of few significant PGM deposits outside South Africa or Russia. Platinum Prophecy's Shakespeare PGM-Cu-Ni project is a fully permitted, production-ready mine located in the Sudbury mine district of Ontario, and its Lynn Lake project is a former operating mine located in Manitoba, Canada. |
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Expert Analysis
The Gold Report Interview with Jeb Handwerger (4/1/13) "A platinum company I've been watching is Prophecy Platinum Corp., which is developing the Wellgreen deposit in the Yukon. The company could be a potential supplier of PGMs to North America. . .Prophecy has a proven management team that has raised hundreds of millions of dollars during difficult junior markets. The company's recent impressive exploration success should create increased interest. . .Prophecy's deposits are world class, one of the top five in the world. Very few companies have these sorts of advanced deposits. . .Prophecy has a new chief executive officer, Greg Johnson, who founded NOVAGOLD and raised more than $650M in his career. It has John Sagman, who is the cold-weather mining expert. The people who have come on board believe in the asset and believe this is going to get to production." More >
Andrew Mikitchook, GMP Securities (3/18/13) "Wellgreen, Prophecy Platinum Corp.'s flagship property in the Yukon, is a unique asset due to its premium jurisdiction and significant size of over 11 Moz of 3E PGEs. A positive PEA (June 2012) suggests significant economic potential for Wellgreen. . .the company has strengthened its management. . .and added a COO with Yukon-specific mine-building and operating experience to the team. . .we are initiating coverage with a Buy rating and $2 target."
Jeb Handwerger, Gold Stock Trades (3/13/13) "One company that has a proven management team that has raised hundreds of millions of dollars is Prophecy Platinum Corp., which controls the world-class Wellgreen deposit in the mining-friendly Yukon. Surprisingly, it is still trading at multiyear lows as the many investors are completely unaware of this undervalued situation. . .Wellgreen has recently shown some impressive exploration success."
The Metals Report Interview with Jeb Handwerger (2/26/13) "North American PGM miners are an alternative to South African miners. The most prominent miners in North American include Prophecy Platinum Corp., which has the Wellgreen project in the Yukon. Prophecy is interesting because a new management team has come aboard with mine-building and financing experience to take this project to the next level. The company could be a supplier of PGMs to the North American market. . . The new CEO, Greg Johnson, has a huge amount of experience. He was a co-founder of NovaGold Resources Inc. (NG:TSX; NG:NYSE.A). Given the supply-demand fundamentals, there is going to be a time, and the time is coming soon, where these deposits become extremely valuable." More >
Pope & Company Morning Notes (2/5/13) "Prophecy Platinum Corp. announced the final results of its $6.5M, 11,000m 2012 exploration drill program at the Wellgreen platinum group metals (PGM)-nickel-copper project. . .14 of 15 drill holes, from across ~2 km of the existing mineral resource area, intercepted significant mineralized widths, including two of the best intercepts drilled at the Wellgreen project to date. . .based on the PEA and no problems in permitting, the project looks interesting in the current PGM market."
