http://www.theaureport.com/pub/na/12637 TGR: How about Prophecy Platinum Corp. (NKL:TSX.V; PNIKD:OTCPK; P94P:FSE)? JW: Newstrike and Prophecy share equal billing at the top in terms of current and future value. Prophecy just started a 20,000m drill program at its Wellgreen deposit in the Yukon, where it can drill through the winter on 4 kilometers (km) of historic underground drifts from when Hudbay had the mine in production back in the 1970s. It has an 11 Moz resource of combined platinum, gold, copper and nickel on a portion of the strike that would constitute less than 10% of the whole geophysical signature. This has a very high potential to produce many millions of ounces of combined gold and platinum group metals (PGMs). Obviously, 20,000m of drilling starting underground will mean a lot of infill drilling, which will simply add to the quality of the resource. The real excitement will begin when it starts step-out drilling after the snow melt. That will be at least 1km from the existing resource. If Prophecy hits the same mineralization to depth in 2012, it will be massive. TGR: Deposits of PGMs plus nickel and copper are unusual. Are we looking only at drill results, or are there other catalysts? JW: The catalyst is continued drilling. The company will do a resource calculation and issue a PEA this year. That will catalyze a major share price increase. There are metallurgical studies underway. With complex, combined metal output, those studies are a key ingredient. The company plans to ship a concentrate. TGR: That keeps the capital expense lower, too. Will this be an underground mine? JW: No, the concept is open pit. The mineralization is so widely disseminated, with high-grade lenses and massive sulphides, open pit is the right way to look at it.