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THA's 4.87% rally reflects typical platinum cyclicality rather than fundamental repricing. At current level…by @palesa_insurance_queen on $THA

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Palesa N.@palesa_insurance_queen·Neutral

THA's 4.87% rally reflects typical platinum cyclicality rather than fundamental repricing. At current levels, the stock still trades at a discount to replacement cost of its PGM reserves, but persistence of high all-in sustaining costs alongside volatile basket pricing means embe

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