Prophecy Platinum Corp. (TSXV:NKL,OTCQX:PNIKF,FWB:P94P) has revised the base case metals pricing assumptions from Energy and Metals Consensus Forecast (EMCF) to London Metals Exchange (LME) 3 year trailing averages, in relation to the results announced on June 18, 2012 from the independent NI 43-101 compliant Preliminary Economic Assessment for its 100% owned Wellgreen Ni-Cu-PGM project in the Yukon.
As quoted in the press release:
In line with pricing assumptions used by comparable issuers, the Company has revised the base case metals pricing assumptions from Energy and Metals Consensus Forecast (EMCF) to London Metals Exchange (LME) 3 year trailing averages. The long term LME pricing method is more commonly adopted in base case studies by comparable issuers and closer to today’s spot metal pricing, which offers investors a more balanced view of project economics.
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MARKETS
COMMODITIES
| Commodities | |||
|---|---|---|---|
| Gold | 1801.89 | +0.36 | |
| Silver | 20.82 | +0.02 | |
| Copper | 3.68 | -0.03 | |
| Palladium | 2224.19 | +14.20 | |
| Platinum | 965.47 | +2.48 | |
| Oil | 91.88 | -2.46 | |
| Heating Oil | 3.51 | +0.03 | |
| Natural Gas | 8.78 | -0.09 | |