Facts, flight and fiction
I REFER TO THE ARTICLE by David McKay: Platinum – A bird in flight, in Finweek of 15 February 2007. This article merely reflects what has been published in Mining Weekly about the Tjate mine and the nickel prospect of Jubilee ad nauseum over a period of months. Investors are only interested in facts, not the puffing up of these prospects by Colin Bird.
The Tjate platinum prospect for various reasons will not be mined for many years to come. It is situated down dip from mines owned by Impala and Anglo American and will be a relatively deep mine of about 1 000m. The pre-feasibility has not even been completed so there are no concrete facts available. Only when a bankable feasibility study, not remotely in sight, had been completed would investors start taking notice.
Colin Bird really goes overboard when he writes that the nickel prospect in Madagascar is larger than the Bushveld Complex. The length of the nickel prospect west of the Pilanesberg is approximately 20km long but is an infinitely small proportion of the Bushveld Complex and so is his nickel prospect in Madagascar. The platinum proportions in both nickel prospects are no more than a small proportion of the total.