S&P Capital IQ announced today that it has commenced Standard & Poor’s Factual Stock Report coverage on Prophecy Platinum Corp.
Prophecy Platinum Corporation (TSXV: NKL; OTCQX: PNIKF), an exploration stage company, engages in the acquisition, exploration and development of mineral properties in Canada, Argentina and Uruguay. Prophecy primarily explores for platinum group elements and nickel sulphide projects. The company's primary property is the Wellgreen PGM nickel property located in Yukon Territory.
Other holdings for the company include the Lynn Lake Nickel Copper project located in Manitoba, the Las Aguilas Nickel PGM located in Argentina, and five prospective claims in Uruguay. The platinum group metal (PGM) family consists of six elements: platinum, palladium, rhodium, iridium, osmium and ruthemium. These metals are classified as precious and have characteristics well-suited to industrial, medical and jewelry applications. Platinum and palladium are the most well-known of the PGM family, with platinum's per ounce price historically exceeding gold. Mineralized rock on the Wellgreen property occurs within a 20 kilometer-long multiphase intrusion, with a maximum thickness of over one kilometer Triassic ultramafic body, known as the Quill Creek Complex (Complex). Three main zones of platinum, palladium and rhodium-enriched copper-nickel mineralized rock have been outlined on the Wellgreen property: the East zone, the West zone, and the North zone.
Prophecy Platinum was spun off from Prophecy Coal (TSX: PCY) in 2011. Prophecy Coal currently owns 22.5 million shares (approximately 42%) of Prophecy Platinum.
Standard & Poor’s Factual Stock Report coverage on Prophecy Platinum Corp. will also be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P Capital IQ research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts. Please visit http://www.prophecyplat.com for additional information.
About Standard & Poor's Factual Stock Reports
Currently profiling over 500 issuers, Standard & Poor’s Factual Stock Reports, produced by S&P Capital IQ, increase market awareness of issuers in the investment community with insightful commentary and key statistics and information. Standard & Poor’s Factual Stock Reports provide factual research coverage about company fundamentals and business prospects, thereby enabling information about covered companies to reach a wide investor audience of Buy and Sell-side investors. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is underwritten by the issuer, S&P Capital IQ does not offer investment opinions concerning the advisability of investing in these stocks.
Standard & Poor’s Factual Stock Reports are produced separately from any other analytic activity of S&P Capital IQ or related organizations. S&P Capital IQ does not trade on its own account.
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