* Bad news for users but GREAT news for SSL re: our Platinum stream with Colossus

* Sandstorm has a precious metals stream agreement to purchase 1.5% of the gold and 35% of the platinum produced from Serra Pelada at a per ounce price of US$400 per ounce of gold and US$200 per ounce of platinum

 

400 000 oz platinum supply deficit expected, owing to South African labour disruptions, mine closures

http://www.miningweekly.com/article/platinum-industry-to-move-into-400-000-oz-deficit-owing-to-south-african-labour-disruptions-mine-closures-2012-11-23

 

"“Going forward, supplies for 2013 in platinum and palladium would be relatively barraged because in South Africa, even if the current strikes have been resolved, the mining industry is in a difficult situation and has been for some time. We don’t see any prospect of platinum or palladium supplies from South Africa increasing next year,” Cowley told Mining Weekly."