Prophecy Platinum (NKL: TSX-V, PNIKF: OTCQX) is a Canadian-based PGM-Ni-Cu company that is focused on developing their district-scale Wellgreen project in the Yukon and fully permitted Shakespeare mine in Ontario. The company is well positioned with respect to fundamental supply and demand changes in the PGM market, and recently appointed managers are helping their team expedite growth.
Prophecy currently has a market cap of about $51.6 million, since they are trading around C$0.75 per share and have 68.8 million shares issued and outstanding. The company also has approximately 82.6 million shares fully diluted, no debt, and about $1 million of working capital.
Wellgreen PGM District, Yukon
Prophecy Platinum’s 100%-owned Wellgreen property is located about 300 km from Whitehorse in the southwestern corner of Canada’s Yukon Territory.
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