Companies

Request More Information

Last:
Change: Change(%):
Volume: Open:
High: Low:
52Wk High: 52Wk High:

Experts Commenting on This Company

 

Visit Company Website

View Company News



Prophecy Platinum Corp.

TICKER: NKL:TSX.V; PNIKF:OTCPK; P94P:FSE

Prophecy 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 Comments:

The Gold Report Interview with Jay Taylor (6/17/13) TGR: You said that Prophecy Platinum Corp.'s story 'stood out head and shoulders above the rest.' What is it about Prophecy's Wellgreen platinum group metals and nickel-copper project in the Yukon that so impresses you?

Jay Taylor: A whole lot of factors. I visited the project a couple of years ago before Prophecy brought on Greg Johnson, and I've always believed that it was perhaps one of the greatest PGM projects in the world. I didn't feel at that time that the company had the management in place to really pull it off. A project of this scale is going to require a massive amount of technical talent. [CEO] Greg [Johnson] was a co-founder of NOVAGOLD and also worked with South American Silver Corp.

After Johnson came on, John Sagman was added to the team. He was with Xstrata Plc and also with Vale S.A., handling the nickel and platinum group metals operations. I think Sagman and Johnson form a management team core that can actually get it done. Wellgreen's scale, size and dimensions of mineralization and the grades of the platinum group metals are remarkable. We're looking at widths and thicknesses that exceed anything that Ivanplats Ltd. and the other companies in South Africa have. The big question here has to do with metallurgy. This is a deposit of 7 Moz platinum group metals plus gold, 2 Blb nickel, 2 Blb copper and the exploration potential is absolutely enormous. But can Prophecy get enough of the metals out? Can it be optimized to the point where the deposit is economic? I think with Prophecy's new management team the answer to those questions is most likely yes. More >

The Gold Report Interview with Brien Lundin (6/12/13) "I cover Prophecy Platinum Corp. Where else in the world do you have a high-grade, bulk mineable, platinum-palladium project? There isn't one, especially in a geopolitically reliable region. Wellgreen is an extraordinary project; plus, platinum and palladium have positive fundamentals that are tremendously powerful right now. The key to that project is that the PEA that came out was good and was economic.

However, the size of the project assumed in the PEA presented challenges. It was neither small and quick to production nor large enough to bring long-term production forward. It was right in the middle and showed a mine life of 37 years. For Wellgreen to work best, it needs to be either much larger or significantly smaller than what the PEA showed. In this market, I think it needs to rework that plan to show it as a smaller project with lower capital expense and, therefore, a much higher rate of return. With that said, it's still very large and still has the potential to grow significantly with this season's drill targets. The deposit has a lot of allure for a major company. " More >

Jay Taylor, Gold, Energy & Tech Stocks (5/31/13) "Prophecy Platinum Corp. is a story that stood out head and shoulders above the rest. Unless I'm missing something, this is the best evolving platinum group metal (PGM) project on the face of the earth. . .Wellgreen's exploration upside is beyond remarkable. . .management is seasoned with experience not only in discovery and advancing projects with a specific expertise in the PGMs and the Yukon, but it has also been able to raise money, which is an absolute key to this success of a junior company. "

Jeb Handwerger, Gold Stock Trades (4/30/13) "Prophecy Platinum Corp. controls one of the largest undeveloped platinum group metal (PGM) projects in the world. Its Wellgreen deposit could be one day the third-largest producer of PGMs in North America. . .the company's exposure to platinum and palladium, which could be in a supply deficit this year, is a big advantage in a tough resource market. There are very few companies with top-notch, undeveloped projects."

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 >

Prophecy Platinum Corp. Content




Back to Top