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Ivanhoe Mines Ltd. (IVN $15.93)
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Generation Mining Ltd - Ordinary Shares (GENM $0.40)
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Sibanye Stillwater Limited - ADR (SBSW $15.39)
Q: I would appreciate several recommendations for platinum and palladium producing companies in order of priority considering relatively safe jurisdictions and potential price appreciation.
Thank you,
Ed
Thank you,
Ed
5i Research Answer:
There are not that many choices, really, as many companies have been privatizes. Most larger producers are in South Africa. Most companies produce both metals and we generally view the two metals as a group. PLG is one option (non producing). GENM is also non-producing but is up 450% this year. SBSW is a large producer trading at 15X earnings. ELR is a tiny ($120M market cap) developer. IMPUY is much larger, producing, and 12X earnings with a small dividend. IVN has a large reserve base but only recently started production. Our order would be: SBSW, IMPUY, IVN, GENM, PLG, ELR.