This Stock Is A Jock!

I just posted that I like how Platinum is trading. I feel the same about Sibanye-Stillwater, SBGL, the South African miner that owns the Stillwater Palladium complex in Montana, as well as Gold and Platinum in South Africa (SA). Sure, this stock is up from the low $4s, after having had a huge move from the $2s. Still, I love their fundamental position; the insightful management; and the future. My position has an average cost of $4.26 which I started buying a bit north of $4.3 and kept adding as SBGL recently dropped briefly to $3.77. So my cost is not a bargain based on trading over the past 6 months, but I remain very comfortable with even adding at today's $4.8 level, though be aware that for the past week or so, levels have ranged back and forth from the $4.60s - the $4.80s.

Owning a mining stock has many other elements than price of the underlying metal, including strikes (an ongoing  gold strike seems to be getting resolved), electricity access (there are lots of troubles with the SA utility, Eskom), etc... but it also is a leveraged play on the underlying metals.