We are refreshing our coverage of Tharisa in the face of a booming PGM market, bouncy Chrome pricing, the shift to underground at the Tharisa mine and the construction of the first major PGM mine in Zimbabwe for +15yrs.
The current engine room for the company remains the 31Moz PGM resource Tharisa mine producing 138koz pa of PGMs and 1.56Mt of Chrome Ore, both of which are expected to increase steadily to c.200koz pa and 2Mt pa. The LoM at this run rate is over 50yrs. The development of Karo ....
