Copper $ 5.51 / lb 1.52%

Brent Crude Oil $ 60.47 / bbl 1.17%

Palladium $ 1786.9 / ozt 0.50%

Crude Oil $ 56.66 / bbl 1.12%

Natural Gas $ 3.984 / Btu 1.07%

Silver Futures $ 67.489 / ozt 3.17%

Aluminum Futures $ 2868 / ton 0.00%

Micro Gold Futures $ 4418.8 / ozt 0.53%

Micro Silver Futures $ 67.489 / ozt 3.16%

Platinum $ 2018.6 / ozt 3.35%

Gold Futures $ 4387.3 / ozt 0.54%

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Prophecy’s positive PEA prompts 12% gain

Joshua Zapf | June 18, 2012 | 8:41 pm Base Metals Precious Metals Copper Gold Nickel Platinum

After announcing the results of an independent Preliminary Economic Assessment report today, shares in Prophecy Platinum traded hands at 6 times their usual volume.

The report which highlighted an initial capital cost of $863 million and production of 1.959 billion lbs of nickel, 2.068 billion lbs of copper and 7.119 million ounces of platinum-gold over 37 years, caused shares to jump 12% on the day.