You have it correct! This is easy read compared to other stock market valuations. Compare ounces produced by the leader, Anglo American, against the quarterly and total annual production of PLG. There is a wide gap in ounces produced. PLG is good at transparency: great difficulty in extracting platinum group metals, along with gold, per tonnage of ore; they are struggling mightily. If PLG were to get efficient, the highest stock traded at $6 within 2 years; that is Anglo American's highest stock value also. A small investor like me would have to buy at <$1.00, and sell at $2>$6. For example, buy 25,000 at .90 and sell at 2.50, for a profit of$40,000. Buying 500 stock at .90 sell at 2.50 brings $800 profit. The best stock going, if I had gotten in early (I only started investing this year) would have been in lithium, Albemarle selling above $100, compared to platinum below $10. Wish all the best. I pulled out of PLG; big loss; covered it with gain in another stock. Their revenue is too low,their leverage (debt) is killing them. All they have of unproven value are their claims, COULD BE THEIR BIGGEST ASSET. One of their monthly reports hinted at selling assets to get more funds.They have already scaled down labor force; lack equipment; flooding early in the year; etc. Trying hard, production (ounces) low, world prices went down. All of my stuff is based on their very good financial and news reporting at their website. And for that I applaud them! Mining is very difficult, expensive, and dangerous. Anglo America lost 2 employees recently in mine accidents. Yes, risking money is difficult; we have it easy compared to those miners in S. Africa.
