The only real ‘facts’ as people talk about so often are the actual prices of Palladium and platinum.
With regard to EUA, it is a fact that the RNS state a certain level of resource. It seems to be opinion whether to believe it or not!
It is also opinion that 15Moz of Pd will fetch at least $100/Oz for a company sale – but it is opinion based on looking at the facts of every other sale of a PGM company in the last 4 years. This gives $1.5bn.
It is optimistic opinion that it could go for max $300/Oz given the price of Pd. This gives $4.5bn.
It is more opinion that several buyers would want this resource, based on the low AISC $325/Oz.
It is a fact that South African miners are struggling with reduced output due to coronavirus and ongoing power cuts.
It is opinion whether Pd demand and pricing will be higher or lower in future, but fact that there is a structural deficit currently.
It was further opinion that EUA won’t get a nomad and will have to delist. It is fact that they appointed a new Nomad – SP Angel. It is fact that they represent more mining firms than any other nomad, leading to the opinion that this was a substantial upgrade for Eurasia Mining.
It is more opinion whether people will sell their shares should we relist. It is a fact I will be looking for a lot more, another million or so. It is also fact several funds want to buy more than me, but you have to treat this as my opinion!
And so we go on. When there are facts you can rely on, they can inform your opinions or you can disregard everything factual. Your choice.
Going to be a good week would be my strong opinion