wow. this one slipped under my scanning software (not sure how) until last night when i picked it up on a volume scan.
any fundamentalists want to break this one down?? ill have a go myself a little later if no one is interested.
a quick cut and paste from there web page:
Sylvania Resources Limited is listed on the Australian Stock Exchange (ASX:SLV) and on the Alternative Investment Market of the London Stock Exchange (LSE:SLV.L).
Sylvania is currently involved in three PGM projects on the Bushveld Igneous Complex of South Africa. The first of these is fully operational, the second is at an advanced stage of development and the third is at the feasibility study stage.
The first project is a 25% interest in the CTRP consortium which is led by Aquarius Platinum Limited. The consortium constructed a purpose built plant at the Kroondal Mine to extract platinum group metals (platinum, palladium, rhodium and gold) from the tailings of the nearby Xstrata and LanXess chrome mines. The CTRP plant is managed by Aquarius Platinum Limited and has been in production since January 2005.
The second project involves the recovery of chromite and PGM from the tailings of Samancor’s chrome mines. Sylvania’s first chrome recovery plant, located at the Samancor Millsell Mine, has been producing metallurgical grade chromite concentrates since August 2006. A flotation plant to recover PGM from the tailings from this chrome plant is presently under construction at Millsell. Additional chromite and PGM recovery plants are under construction at Samancor’s Steelpoort Chrome Mine.
The Everest North UG2 project, is located on the farm Vygenhoek, on the Eastern Limb of the Bushveld Complex. Sylvania is conducting exploration drilling as the initial part of a feasibility study regarding the development of mining and processing facilities for UG2 ore.
anyhow, could be a dud at this stage but money has certainly been made by many