IMPALA Platinum (Implats) gained operational momentum in the second quarter to post respectable production numbers for the six months ended December. The PGM basket price is currently around R48,000/oz even after a significant 7.5% correction in the platinum price on Thursday. Implats “should shoot the lights out with these PGM prices,” said René Hochreiter, an analyst for Noah Capital. Including chrome, nickel and copper prices, which Implats also sells as part of its basket, the aggregate price is R56,500/oz. UBS analyst Steve Friedman recently upgraded target prices for PGM shares specifying a preference for Valterra Platinum and Implats.