This stock is so insanely cheap.

Forget the exploration properties and let’s value those at nil. The board doesn’t seem keen on the risk, which I’m happy about. As far as I’m concerned they should sit on them until the PGM prices pick up and sell.

The tailings business is insane.

15 years expected life currently .

P/e is tiny, and tens on millions in the bank.

Will the market ever realise the true value?

Maybe when capex reduces and the dividend multiplies?

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