Platinum Group Metals Ltd. · TSX:PTM
Platinum Group Metals — Q3 2008 Earnings Presentation
11 slides from Platinum Group Metals's earnings presentation, Jul 18, 2008
Slide 1: Interim Consolidated Balance Sheets
PLATINUM GROUP METALS LTD. (Gn exploration stare compaxy) Interim Consolidated Balance Sheets (Ummedited) (qxpressed in Canadian dollars) ‘May 31, 2001 ‘Aug. 31, 27 ASSETS CURRENT Cash and cash equivaleats (Note 116) $ 5575866 $12,660,567 ‘Short-term investments Note 2() - 2,900 100 ‘Murkztable secu
Slide 2: See
See accompanying notes to the interim consolidated financial statements. Platinum Group Metals Ltd. (An exploration stage company) May 31, 2008
Slide 3: See
See accompanying notes to the interim consolidated financial statements. Platinum Group Metals Ltd. (An exploration stage company) May 31, 2008
Slide 4: Notes to the unaudited interim consolidated financial statements
See accompanying notes to the interim consolidated financial statements. Platinum Group Metals Ltd. (An exploration stage company) Notes to the unaudited interim consolidated financial statements May 31, 2008 1. NATURE OF OPERATIONS The Company is a British Columbia corporation incorporated on Febru
Slide 5: Western Bushveld Joint Venture
On October 26, 2004 the Company entered into the Western Bushveld Joint Venture (the “WBJV”) with a subsidiary of Anglo Platinum Limited (“Anglo Platinum”) and Africa Wide Mineral Prospecting and Exploration (Pty) Limited (“Africa Wide”) to pursue platinum exploration and development on combined min
Slide 6: Three month period ended
Three month period ended May 31, 2008
Slide 7: Republic of South Africa mineral properties
(a) Republic of South Africa (i) War Springs and Tweespalk On June 3, 2002, the Company acquired an option to earn a 100% interest in the 2,396 hectare War Springs property and the 2,177 hectare Tweespalk property both located in the Northern Limb or Platreef area of the Bushveld Complex north of Jo
Slide 8: Fixed assets
May 31, 2008 Accumubird | NetBook Cost Amortization ¥atuc Computer equipment and software $488,260 $ 304,215 | $ 184,045 Leasehold anprovements 56,950 24,318 32,632 Office furniture and equipment 275,713 116,140 159,573 Vehicks 119,457 10,846 108,611 $940,380 $ 455,519 || $ 484,861
Slide 9: Stock option exercise price
The weighted average exercise price of the exercisable options at period end was $1.99.
Slide 10: Stock options granted during the period
(i) During the period ended May 31, 2008 the Company granted 1,347,500 stock options to employees. The Company has recorded $993,022 ($638,034 expensed and $354,988 capitalized against the WBJV) of compensation expense relating to stock options granted or vested in this period. The following weighte
Slide 11: Related party transactions
Platinum Group Metals Ltd. (An exploration stage company) Notes to the interim consolidated financial statements (Unaudited) May 31, 2008 9. RELATED PARTY TRANSACTIONS Transactions with related parties are as follows: (a) Management, salary, consulting fees, and Director’s fees of $351,280 (2007 - $
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