Prophecy Platinum Corp.(TSXV:NKL, OTCQX:PNIKF, FWB:P94P) announced the recent purchase of approximately $2million each in platinum and palladium exchange funds.
Prophecy Platinum, Chairman, John Lee, said:
With the price of platinum currently trailing the price of gold, and the fact that annual platinum production amounts to less than 10% of gold production, Prophecy Platinum’s directors at a board meeting, after the Company’s recent annual general meeting, unanimously approved this cash diversification.
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| Commodities | |||
|---|---|---|---|
| Gold | 1854.10 | +8.31 | |
| Silver | 21.79 | 0.00 | |
| Copper | 4.34 | +0.07 | |
| Palladium | 1997.00 | +30.00 | |
| Platinum | 957.50 | -1.50 | |
| Oil | 110.54 | +0.26 | |
| Heating Oil | 3.65 | +0.03 | |
| Natural Gas | 8.77 | +0.69 | |